Update on PascualaPascuala belongs to the communal bank "Las Palmeras," in the Asociación Arariwa in the city of Cusco. Pascuala lives in the city of Cusco, and this is also where she is developing her economic activities.
Pascuala has a grocery store in her home, but she also sells vegetables and fruit in the city of Puerto Maldonado. She has had these businesses for a number of years, and they are going very well. Pascuala needs a loan to buy fruit and vegetables.
Pascuala is grateful for the opportunity that is being provided through these means, and she pledges to make her payments according to the established schedule.
Pascuala tiene una tienda de abarrotes en su domicilio pero también se dedica a la venta de verduras y frutas en la ciudad de Puerto Maldonado. Ya son varios años que se dedica a los negocios y le va muy bien. Pascuala requiere el préstamo para comprar frutas y verduras.
Pascuala se encuentra agradecida por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.
Previous Loan DetailsThis member belongs to the communal bank 'Las Palmeras'. She lives in the Huanchac district in Cusco province, Cusco department. This member, Senora Pascuala, is 37 years old. She lives with her partner, has 3 children and is native to the Canas district. Senora Pascuala works as a housemaid ... More from Pascuala'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
- Nov 7, 2011
- Nov 18, 2011
- Currency Exchange Loss:
- Apr 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.