Update on SoniaSonia still belongs to the “IMASUMAC II” communal bank and she still lives in the city of Cuzco, where she also does her economic activities.
Sonia still works selling baby clothes. With the previous loan, Sonia was able to grow her business and obtain good benefits, for example giving her son a better quality of life by feeding him well. At this time, Sonia needs the loan to buy baby clothing.
Sonia is thankful for the support that she has received and she is committed to making her payments in a disciplined manner.
La socia Sonia sigue dedicándose a la venta de ropa de bebes. Con el anterior préstamo Sonia pudo incrementar su negocio y obtuvo buenos beneficios como por ejemplo dar mejor calidad de vida a su hijo ósea darles una buena alimentación. En esta oportunidad Sonia requiere el préstamo para comprar ropa de bebes.
La socia Sonia agradece el apoyo que se le otorgara y así mismo se compromete a cumplir de manera disciplinada con los pagos de las cuotas.
Previous Loan DetailsThe member belongs to the communal bank "IMASUMAC II", which is located in the district of Huanchac in the province and deparment of Cusco. The member is Ms. Sonia who is 28, married and has a 13-month-old son. She is a retail merchant and has a stand in the city shopping center where she sells… More from Sonia'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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