Update on PaulinaThe member, Pauline, buys and sells dried grain such as broad beans, kidney beans, different kinds of corn, peas, barley, wheat and other cereals. The member also sells corn for sowing. On this occasion, the member would like to invest the loan in the purchase of corn which she will sell for sowing, and also dried cereals and grains which she will sell at her stand. The member wants to continue to develop economically in order to provide her children with a good quality of life. With the income achieved from her sales, the member has bought her own small plot of land and built her home with her spouse. The member wants to invest the loan in the purchase of corn and grain to improve her business.
Previous Loan DetailsPaulina, 37, is a member of the “Señor de Tayancani” communal bank. She lives in Ocongate District in Quispicanchis Province, Cusco Department. She is married and has six children. She alternates her daily chores with being a dry grain merchant. She buys various strains of corn at wholesale… More from Paulina'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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