Update on LuisaLuisa continues managing and caring for her crops and cattle. She also buys and sells cereals. She would like to invest the current loan in the purchase of cereals, including tarwi [lupini beans], quinoa, wheat, etc., to sell at her stand in one of the Urubamba markets and in Rayanniyoc. She wants use it grow her business, too.
In the near future, Luisa wants to be able to grow the business and become a wholesale vendor.
La señora Luisa, continua con la administració y el cuidado de sus productos en la agricultura y ganadería, y también la socia compra y vende cereales, ella en esta ocasión desea invertir su credito en la compra de tarwi, quinua, trigo entre otros y venderlos en su stand en uno de los mercados de Urubamba y en el mismo Rayanniyoc. La socia desea invertir el prestamo para comprar cereales e incrementar su negocio.
La socia a futuro cercano desea poder crecer en cuanto a sus negocio y convertirse en comerciante mayorista.
Previous Loan DetailsThe city of Rayanniyoc is located half an hour from the city of Cusco, and one hour from the city of Urubamba. The residents of the city of Rayanniyoc work in agriculture and raise livestock. Luisa is 51 years old and she has 8 children, 3 of whom are economically independent and 5 still depen... More from Luisa'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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