Update on Maria IsabelMaria Isabel is 56 years old at present. This is a successive loan and she has not altered her economic activity -- she continues her normal activities. Just as in recent months, she continues to work for the municipality, and parallel to that, she raises farm animals such as pigs and chickens.
Maria Isabel sells these animals to her customers who live in other provinces and wish to buy pigs for a major celebration or other event.
Maria Isabel plans to invest this loan in purchasing animals. She will buy young pigs to raise, fatten, and sell.
Previous Loan DetailsMaria is a member of the “Las Triunfadoras” communal bank, located 5 minutes from the city of Cuzco in the district of Andahuaylillas.
Maria is 55 years old and has 2 older children. She stores corn and she has worked in the municipality of Andahuaylillas as an administrator since 2008. M... More from Maria Isabel'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