Update on Maria EdiMaria Edi continues caring for an elderly woman and also continues to make sports clothing in her tailoring shop. She is a very enterprising woman and the business is going very well for her. Now she is seeking to invest all of her time making the sportswear, and to perhaps stop caring for the elderly woman. She has lots of dreams of growing and becoming prosperous. Right now she would like to invest the loan in the purchase of fabrics, closures, and thread among other items, so that she can continue to make the sports clothing in wholesale quantities.
Previous Loan DetailsMaria Edi is 54 years old, married, and has three children. She was born in the city of Iberia in the province of Puerto Maldonado, and currently lives in the city of Cusco. Maria Edi is a hard-working and enterprising mother who is helping her family succeed. She owns a small tailoring shop… More from Maria Edi'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