Update on GuillerminaThe member continues with the same business and she is doing very well. On this occasion the member wants to invest the loan in buying clothes. The member brings clothes from different places even as far as the border with Chile and she sells them on Saturdays. The member also sells flowers during this season as this is the month when the living and the dead are celebrated. This time the member will invest the loan in buying flowers. She will buy the beautiful bouquets prepared for selling at a particular point in the cemetery and it for this that she wants the loan. In the near future the member wants to have her own space to sell the clothes that she brings back every 15 days and in this way she would be a registered vendor and not continue as a street vendor.
Previous Loan DetailsGuillermina, age 64, has three children and lives in Cusco, Perú. She sells clothing from Monday through Friday in the Tahuantisuyo commercial center. On Saturdays she sells clothing at Baratillo, a weekend market, and on Sundays she travels to Chincheros to sell her products. Guillermina has bee... More from Guillermina'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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Oct 17, 2011
- Nov 14, 2011
- Currency Exchange Loss:
- Mar 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.