Update on JuanaJuana continues with her business selling artisan crafts. She makes some decorative items and others she buys already made. And Juana still travels, carrying her merchandise to sell. At present, Juana wishes to buy leather, wool, and thread, among other items, to carry on with her work and deliver the results to her customers.
Juana plans to continue working at her present rhythm for 2 more years, until she can find something more tranquil and stable to do.
La socia Juana; continua con el negocio de venta de artesanía, la socia elabora algunos adornos y otros los compra hechos, ella sigue viajando llevando su mercaderia, en esta ocasion la socia desea invertir el prestamo en la compra de cuero, lanas, hilos, entre otros para continuar con su trabajo y llevarlos a sus clientes.
Ella desea seguir trabjando a este ritmo un par de años mas hasta que pueda ver algo mas tranquilo y estable.
Previous Loan DetailsJuana, 49, is a member of the “CAMINEMOS JUNTAS” (Let’s Walk Together) communal bank located in Cusco District belonging to Cusco Province and Cusco Department. She has a spouse and three children. She alternates her daily chores with the sale of crafts. She works with animal pelts. She mak... More from Juana'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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Jan 20, 2012
- Jan 29, 2012
- Currency Exchange Loss:
- May 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.