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Update on Sofia

Sofía continues to work as a manager of a condominium and in one of the most luxurious hotels in the city of Cuzco as a bartender. She has been working in the hotel for several months and it is going well for her. At this time, she needs the loan to do maintenance on her home. Sofía is a member of the “Los Girasoles de Rumichaca Baja” group, made up of members who live in the town of Rumichaca Baja where they carry out their economic activities.
View original language description ↓
Sofía continúa trabajando como administradora de un condominio y en uno de los hoteles más lujosos de la ciudad del Cusco como bartender. Ya son varios meses que trabaja en el hotel y le va muy bien. En esta oportunidad requiere el préstamo para hacer mantenimiento de su casa. Sofía es integrante del grupo “Los Girasoles de Rumichaca Baja” lo conforman socios que viven en el poblado de Rumichaca Baja y donde realizan sus actividades económicas.

Previous Loan Details

Sofia continues to make her living as an administrator in a hotel. She works from 6:00am until 6:00pm. Through this job, she has been able to get her children ahead. Her dream is to improve at her job. She is requesting a loan for personal use to buy a television for her home. Sofia is ha... More from Sofia'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
  • 64
    View loans »
    Peru Loans Fundraising
  • $63,759,475
    Funds lent in using Kiva
  • 2.5
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Sofia to do maintenance on her home.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Dec 19, 2012
Jan 1, 2013
Currency Exchange Loss:
Jul 17, 2013