Update on Carlota IrmaCarlota is 65 years old, married, and has 3 children. She continues to work in her bakery. She has an oven where she makes bread, which she later sells in a plaza in the Oropesa district. She works from 8am until 5pm, and through this business she provides for her children. She wants to expand and improve her business making and selling bread. She requests a loan to buy supplies at wholesale to prepare bread, such as cooking oil and flour, and also to buy firewood for her oven.
She is very grateful for this loan, and she promises to make all of the payments on this loan in a disciplined manner.
La socia está muy agradecido por el préstamo y se compromete a cumplir con los pagos de dicho préstamo de forma disciplinada.
Previous Loan DetailsCarlota, age 65, is married and has three children who are already independent. She is a member of the communal bank “VIRGEN ESTRELLA DE OROPESA”; the bank is located in the Oropesa settlement of the Quispicanchis province, which is part of the department of Cusco. Carlota divides her time bet... More from Carlota Irma's previous loan »
Important InformationAbout 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.
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Success!! The loan was 100% repaid