Update on FranciscaFrancisca belongs to the “QORIMANCACHA” community bank located in the district, province and department of Cusco. She is 52 years old, married and has four children. She divides her household activities with her grocery store business, selling rice, sugar, oil, milk and noodles. She works from 8 a.m. until 10 p.m. The business helps make headway for her children, which is why Francisca wants to expand it. She is requesting the loan to purchase rice, sugar, milk and noodles at wholesale. She feels happy about the loan and promises to make her payments on time.
La socia es la Sra. Francisca; ella tiene 52 años de edad y es casada y tiene 4 hijos; La socia alterna sus actividades diarias con el negocio de tienda de abarrotes, la socia vende arroz, azúcar, aceite, leche y fideos, la socia trabaja desde las 8:00 a.m hasta las 10:00 p.m, por medio de este negocio saca adelante a sus hijos, la socia quiere ampliar el negocio de tienda de abarrotes. La socia solicita el préstamo para comprar arroz, azúcar, leche y fideos al por mayor.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsFrancisca belongs to the “QORIMANCACHA” communal bank, which is located in the Cusco district, within the province and department of the same name. Francisca is 52 years old, married, and has 4 children. She splits her daily activities with her grocery store business, where she sells rice,… More from Francisca'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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