Update on Rosa BeatrizThe borrower, Mrs. Rosa Beatriz, is still growing corn and raising cattle on her land. She also continues to buy and sell fish and chicken. With the loan she will buy chickens to raise and sell.
La socia es la Sra. Rosa Beatriz; La socia tiene tiene aún su terreno de cultivo de maíz, y tiene algunos animales vacunos, la socia también continua con su negocio de compra y venta de pescado, pollo, la socia desea invertir su credito en la compra de pollos para criar y en la venta.
Previous Loan DetailsRosa Beatriz is a member of the "Qori Orcco" community bank which is located in Urcos, in Quispicanchis province, in Cusco department. Rosa Beatriz is 31 years old. She lives with her partner and has 4 children. She has a small piece of land where she raised bulls and cows. Sometimes she also… More from Rosa Beatriz'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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