Update on SoledadA teacher for 20 years, Soledad continues alternating her daily activities, producing and selling knitwear and teaching 4-5 year olds at a primary school. Soledad is 52 years old and married with two children of her own, a 23-year-old daughter and a 14-year-old son. Currently she is requesting a loan in order to buy more yarn for her knitwear business. Soledad knits scarves, sweaters, and vests based on original designs.
Soledad’s dream is to start exporting knit products. She envisions forming a textile cooperative with a group of mothers in the countryside who make knitwear from raw alpaca and sheep wool tinted with natural dyes. The new business would provide training in order to assure production of high quality knits, as well as export to other countries.
Soledad is a member of the village bank Los Diamantes in Cusco, which is receiving its 16th loan.
Previous Loan DetailsSoledad is a member of the “Los Diamantes” communal bank, located in the district, province, and department of Cusco. She’s 52 years old, single, and has two children. She sells knitted sweaters, scarves, and vests. She also works as a preschool teacher in Cusco and moves her children ahead in… More from Soledad'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