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Update on Hilda

Hilda is a member of the “LOS DIAMANTES” communal bank in the city of Cusco – Peru. She continues to sell arts. She makes, buys, and sells imagery, clothing, decorations, and other things and sells them in different art markets in the city. Hilda has been doing this for many years and it’s the main income in her home. Hilda is asking for this loan to buy merchandise such as sweaters, ceramic decorations, leather wallets, and costume jewelry to stock her business. Hilda is grateful to Kiva for providing the loan and promises to make her payments on schedule.
View original language description ↓
La socia es la señora Hilda, ella pertenece al banco comunal LOS DIAMANTES” de la ciudad del Cusco – Perú. la socia continua dedicándose al negocio de comercialización de elementos de artesanía variada, la socia elabora, compra y vende elementos de imaginería, prendas de vestir tejida, utilitarios y adornos entre otros y los comercializa en los diferentes mercados artesanales de la ciudad, Hilda realiza esta actividad hace muchos años y esta le representa el principal ingreso económico y sustento de su familia, Hilda solicita el préstamo para comprar mercadería como chompas, adornos cerámicos, carteras de cuero y bisutería para capitalizar su comercio. Hilda se siente agradecida con KIVA por el crédito otorgado y se compromete a cumplir con el pago de las cuotas establecidas.

Previous Loan Details

She belongs to the “Los Diamantes” (The Diamonds) communal bank and continues working making crafts; she makes artisanal dolls and purses, among others. She’s been in this business for some time now and does well thanks to the effort she puts into it. She also buys other types of crafts like sh... More from Hilda'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
  • 41
    View loans »
    Peru Loans Fundraising
  • $64,411,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Hilda 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