Update on BenedictaThis member is continuing her business preparing home-cooked meals. The member has improved her dishes and is already thinking of growing her business because she has more customers. She is also continuing to simultaneously sell cheese, chocolates, and coffee.
On this occasion, the member wants to invest the loan in the purchase of products at wholesale, such as rice, noodles, salt, oil, cheese, and coffee among other products to stock up her business and improve her sales.
Previous Loan DetailsBenedicta is 52 years old and assumes the role of both father and mother to her three children. She was born in the city of Iberia in the Province of Puerto Maldonado, but she lives in the city of Cusco. Benedicta is a hardworking and enterprising woman who succeeds on behalf of her family. She… More from Benedicta'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