Update on EstherThe member belongs to the Qori Orcco Communal Bank. The member lives in the Urcos district, Quispicanchis province, Cusco department. Esther is the member. She still makes bread and exports corn for a living, and apart from that, she owns a store in the village of Huaro and plans to set up a restaurant.
She is pregnant with her second baby and very happy because her dream of owning a restaurant will come true. She is almost ready to open her restaurant, except for some details such as cutlery, that's why she wishes to invest this loan in the purchase of kitchen utensils for the store, some chairs and tables, and other supplies for her business.
The member is infinitely grateful for and values the loan. This allows her to grow in her business and improve her quality of life. She pledges to make her payments on time.
La socia es la Sra. Esther; la socia aún se dedica a la elaboración de panes y a la exportación de maíz, la socia y ademas de eso la socia ya cuenta con un local en el poblado de Huaro y pondra una quinta, la soica esta embarazada de su segundo bebe y esta muy feliz porque también hara realidad uno de sus sueños tener su quinta restaurante, la socia ya tiene casi todo listo para la quinta ecepto que le faltan algunos detalles y cubiertos por lo que desea invertir el prestamo en la compra de utensilios para el local, algunas sillas y mesas mas y en insumos para el mismo.
La socia valora y agradece infinitamente el crédito otorgado ya que este le permite crecer con su negocio y mejorar su calidad de vida, así mismo se compromete a cumplir con el pago de sus cuotas en el plazo estipulado.
Previous Loan DetailsThe member belongs to the Qori Orcco Communal Bank. The member lives in the Urcos district, Quispicanchis province, Cusco department. Esther is the member. She is 30 years old. She is in a common-law marriage, and she has one child. She lives in the Urcos district, and she is a small… More from Esther'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
- 8 months (Additional Information)
- Repayment Schedule
- Dec 14, 2011
- Dec 18, 2011
- Currency Exchange Loss:
- Jul 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.