Update on BuenaventuraThe member is Sra. Buenaventura. She is 60 years old and is a native of Iscuchaka. She is a single mother and has one son. She continues to work in her business of selling sweaters, pants, skirts and shirts. She sells her clothing in Quillabamba,Chumbivilcas y Pilcopata and sells by traveling by foot. She also sells corn with cheese, selling by foot. It is by these small businesses that the member can help her son get ahead. It is her dream to have a location to sell clothing from. She is requesting this loan to but shirts, blouses, pants and sweaters and also to buy corn and cheese at wholesale. She values and is infinitely thankful for the loan granted, since it will permit her to increase her business and improve her quality of life. At the same time, she promises to make her payments on the stipulated dates.
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 DetailsThis community bank member belongs to the "Senor de Ccoyllority Yungaqui" community bank. She lives in the Anta district in the Anta province in the Cusco region. The bank member is Sra. Buenaventura. She is 59 years old and is a native of Iscuchaka. She is a single mother and has one son. She… More from Buenaventura'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