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Update on Carmen

This member's name is Carmen and she belongs to the communal bank "LOS DIAMANTES" in the city of Cusco in Peru. She continues to sell basic staples in her grocery store. She has been in business for several years and this is the main source of income for her family.

Carmen is requesting a loan to buy goods such as rice, sugar, noodles, milk, beverages, etc. to stock her store. Carmen is grateful to KIVA for the loan and for helping her maintain and strengthen her business.
View original language description ↓
La socia es la señora Carmen, ella pertenece al banco comunal LOS DIAMANTES” de la ciudad del Cusco – Perú. la socia continua dedicándose a la venta de productos de primera necesidad en su tienda de abarrotes, actividad que viene realizando hace muchos años y que representa el principal ingreso económico y sustento de su familia Carmen solicita el préstamo para comprar mercadería como arroz, azúcar, fideos, leche, bebidas etc. para capitalizar su comercio. Carmen se siente agradecida con KIVA por el crédito otorgado y por ayudarla con el mantenimiento y fortalecimiento de su actividad.

Previous Loan Details

The borrower continues with her grocery store selling basic staple items like rice, sugar, milk and cookies. She’s been in business six years and works from 8am until 10pm. Her dream is to expand the grocery store and by means of it raise her children so that they can become professionals. She... More from Carmen'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
  • 45
    View loans »
    Peru Loans Fundraising
  • $64,489,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Carmen to buy rice, sugar, noodles, beverages, etc. for her grocery store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 19, 2012
Dec 1, 2012
Currency Exchange Loss:
Apr 17, 2013
This photo was used before for a previous loan for Carmen. It was first posted on Kiva on Aug, 2012. Learn More