Update on LuisaThis borrower is continuing with her business of farming as well as raising and selling small animals such as guinea pigs and chickens. On this occasion, she would like to buy 20 guinea pigs and 4 pairs of chickens. She will also invest her loan in buying seeds for vegetables such as green onions. She will also buy 20 guinea pigs and 4 pairs of chickens, making a total of 8 chickens. The borrower is a very hard-working woman, and in the future she would like to finish constructing her house. She also hopes the sales of her products will go very well, especially the green onions. The borrower is requesting the loan to invest in buying seeds to plant green onions.
Previous Loan DetailsThe community of Rayanniyoc is located 30 minutes away from Cusco is on the road going to the city of Pisaq. The residents of this community engage in livestock breeding and agriculture.
Luisa is a member of the Communal Bank “Villa Rayanniyoc”. She is 30 years old and has four chidren.… 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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Success!! The loan was 100% repaid