Update on Marisol JulyMarisol continues with her business and it has gone very well for her. At this time, she is requesting a loan to invest by purchasing beer and pigs to butcher, since she has her food stand and sells a delicious pork-based dish called “chicharrón.” Since she has a greater number of customers, she wishes to purchase pigs to be able to raise them and sell them little by little, or butcher them and sell them plate by plate. She wishes to purchase four pigs for New Year’s Eve dinner, which is a time when pork is often requested, since it is believed that having pork for New Year’s Eve and New Year’s Day meals every year symbolizes abundance in the home. Marisol is requesting the loan to invest by purchasing pigs to raise some of them and butcher others for New Year’s celebrations.
Previous Loan DetailsMarisol July is 40 years old and lives with her partner. She has two daughters, one of whom lives separately from her and one who lives with her while she completes university. Marisol July is the owner of a small grocery store in which she sells soft drinks, beer, snacks, and household necessiti... More from Marisol July'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