Update on GladisThe member is currently 39 years old; her children are 23, 14, and 7.
Gladis now has opened a beauty salon. She alternates her two jobs and wants to use one part of the loan to buy yellow corn to make "jora" [fermented corn], and the other part to buy supplies for her beauty salon. She also will choose an area in her space to put miscellaneous goods like decorations, stuffed animals, wrapping paper, and other things.
She wants to use the loan primarily to buy yellow corn and merchandise for her beauty salon.
Previous Loan DetailsGladis, age 38, lives with her partner and has three children. She is a member of the communal bank “LAS TRIUNFADORAS”'; the bank is located in the district of Andahuaylillas of the Quispicanchis province which is part of the Cusco department. Gladis divides her time between her daily activiti... More from Gladis'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