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Update on Rosa

The borrower, Rosa, belongs to the communal bank "Ricchary Runa" in the city of Cusco - Peru.

She continues her business of buying and selling handicrafts like silverware, among other things. She has spent years in this business which is doing is well thanks to the efforts she puts into her business everyday, while she distributes her merchandise to customers who request craft centers. She is a responsible and earnest person, thus being the partner that supports her family.

She is requesting a loan to by silver earring for her business.

She appreciates the loan and agrees to comply with the payment plan according the the payment schedule.
View original language description ↓
La socio Rosa pertenece al banco comunal “Ricchary Runa” de la ciudad del Cusco – Perú.

La socia continua con su negocio de compra y venta de artesania como plateria entre otros,la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio ,la socia a la vez distribuye su mercaderia a sus clientes que le solicitan como centros artesanales ,la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia.

La socia solicita el credito para la compra de aretes de palta para su negocio.

La socia agradece el préstamo y se compromete a cumplir con el pago de sus cuotas de acuerdo al cronograma de pagos.

Previous Loan Details

Rosa belongs to communal bank “Ricchary Runa” from the city of Cusco – Perú. Rosa sells handicrafts for a living. She buys and sells items such as, ornaments, tapestries and silverware. She has been doing this for a long time, and distributes the items in the most important crafts centers of the ... More from Rosa'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
  • 73
    View loans »
    Peru Loans Fundraising
  • $63,759,475
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Rosa purchase sliver earrings for her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 15, 2012
Dec 6, 2012
Currency Exchange Loss:
Apr 17, 2013
This photo was used before for a previous loan for Rosa. It was first posted on Kiva on Jul, 2012. Learn More