Check out some available loans that are similar to this one!

Update on Vilma

Vilma’s a member of the “Puntualito” communal bank in Cusco, Peru. She continues working baking bread, an activity she’s been in for many years and that she’s made grow thanks to much effort and work. On this occasion, Vilma’s asking for a loan to buy ingredients like flour, sugar, salt, yeast, raisins, etc. to make panettones for the upcoming Christmas season; these are very large sweet breads filled with raisins and candied fruit that people tend to consume on these dates. Vilma’s very grateful to KIVA for allowing her to develop in her economic activity that means support for her family and development of her activity.
View original language description ↓
Vilma es La socia que pertenece al banco comunal “PUNTUALITO” de la ciudad del Cusco – Perú. La señora Vilma continúa trabajando y produciendo en su panadería, actividad que desarrolla hace muchos años y que ha hecho crecer con mucho trabajo y esfuerzo. Vilma en esta oportunidad está solicitando su préstamo para invertirlo en comprar insumos como harina, azúcar, sal, levadura, pasas, etc. y para las próximas fiestas navideñas elaborar panetones que son panes dulces de gran tamaño rellenos de pasas y fruta confitada que la gente acostumbra comer en estas fechas. Vilma está muy agradecida con KIVA por permitirle desarrollarse en su actividad económica, la cual representan el sustento de su familia y desarrollo de su actividad.

Previous Loan Details

The member continues working in her bakery business. She sells bread, cookies, and cakes, working from 8 a.m. until 8 p.m. She has had her bakery oven for seven years. In her free time she likes to make cakes for her children. Her dream is to expand her bakery business. She's requesting th... More from Vilma'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
  • 44
    View loans »
    Peru Loans Fundraising
  • $64,450,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Vilma to buy flour, sugar, salt, yeast, raisins, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 7, 2012
Jan 1, 2013
Currency Exchange Loss:
May 17, 2013