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Update on Karina

Karina is a member of the “LOS DIAMANTES” communal bank in the city of Cusco – Peru. She continues to study biology at one of the local universities. Karina is a very entrepreneurial young woman and is taking advantage of the opportunities to set up a business to help herself financially and also support her mother. Since the Christmas season is approaching, she is asking for a loan in order to buy Christmas decorations and arrangements, such as colored lights, Christmas trees, and general decorations. Karina wants to continue studying and supporting her mother. She is grateful to Kiva for allowing her to invest in her complementary activities which represent an extra income for her home.
View original language description ↓
La socia es Karina, ella pertenece al banco comunal “LOS DIAMANTES” de la ciudad del Cusco - Perú, la socia continua con sus estudios universitarios de biología en una de las universidades de la ciudad, Karina es una joven muy emprendedora y aprovecha las oportunidades para emprender algún negocio para ayudarse económicamente y apoyar también a su mamá, como en esta oportunidad que están próximas las fiestas de navidad, ella está solicitando un préstamo para comprar arreglos y adornos para la decoración de los hogares, todo con motivos navideños, por ejemplo luces de colores, árboles de navidad y adornos decorativos en general, Karina desea poder seguir estudiando y apoyar a su mama , por ello agradece a KIVA por permitirle invertir en sus actividades complementarias las cuales representan un ingreso económico extra para su hogar.

Previous Loan Details

The member belongs to the communal bank "Los Diamantes" [The Diamonds]. She continues to study Biology at a university in Cusco. She is a responsible person and hard-working. She supports her mom and her small business. Her mom has a cart where she sells candy to customers. She wishes to keep... More from Karina's previous loan »

Additional Information

Important Information

About Asociación Arariwa
Asociación Arariwa is a large non-governmental organization that started offering microcredit in 1994 to improve the quality of life, skills and equity of the population in the rural Cusco region of Peru. Arariwa serves the southern Andean provinces of Peru, and is distinguished by its efforts to reach the very poor, who often live in isolated rural areas. Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Peru

  • $12,000
    Average annual income
  • 99
    View loans »
    Peru Loans Fundraising
  • $61,889,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Karina to buy merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 19, 2012
Dec 1, 2012
Currency Exchange Loss:
Apr 17, 2013