Update on MelissaMelissa belongs to the communal bank 'Choquequirao'. She lives in the district of Huanchac, in the province and department of Cusco.
Melissa is an entrepreneurial and responsible person. She works in a government office as a secretary during the day, and also continues with her other business selling hand crafted jewelry. She makes rings, earrings, bracelets and different decorations and accessories.
She has requested the loan to buy supplies to make her jewelry, like wire to make earrings and bracelets.
She infinitely values and appreciates the loan she has received, which has allowed her to grow her business and improve her quality of life. She promises to make her payments on time.
La socia es la Sra. Melissa;la socia es una persona emprendedora y responsable,ella trabaja en una institucion estatal, ella es secretaria y trabaja durante el dia, la socia a la vez continua dedicandose a su otro negocio que es venta de artesania ,la socia elabora anillos, aretes, brazaletes y diferentes adornos y venta de marcos y cuadros.
La socia solicita el préstamo para la compra de mercaderia para su negocio de artesania en la compra de materiales como alambres para la elaboracion de joyas como aretes y pulseras .
La socia valora y agradece infinitamente el crédito otorgado ya que este le permite crecer con su negocio y mejorar su calidad de vida, así mismo se compromete a cumplir con el pago de sus cuotas en el plazo estipulado.
Previous Loan DetailsMelissa belongs to the "Choquequirao" community bank; she lives in the district of Huanchac in the province and department of Cusco. She is 32, single, and works in a men's science college. She is a secretary. She also has another small job: she is an artist and makes rings, earrings, bracelets a... More from Melissa'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
- Mar 19, 2012
- Mar 26, 2012
- Currency Exchange Loss:
- Aug 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.