Update on LeonardaLeonada continues with her business of buying and selling chickens. She continues to sell from her cart at the Urcos plaza. She also has a cantina where she sells beer and “chicha” (a traditional, corn-based drink).
This time she wishes to use the loan to buy beer to increase her sales during the Christmas festivities.
La socia es la Sra. Leonada; La socia continua con su negocio de compra y venta de pollos, la socia sigue vendiendo en la plaza de Urcos en su carreta, la socia tambien tiene una cantina en la que vende cervezas, chicha, ella en esta ocasión desea invertir el prestamo en la compra de cervezas para incrementar sus ventas en estas fiestas navideñas.
Previous Loan DetailsThe member belongs to the communal bank "Qori Orcco". The bank is located in the district of Urcos, which belongs to the province of Quispicanchis and the department of Cusco. The member is Leonada. She is 44 years old, married, and has 3 children. She combines her daily activities with her busi... More from Leonarda'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