Update on MargotMargot has a shop where she sews and sells curtains made to order for her customers. Her clients include both institutions and individuals. She learned how to sew while growing up and has been making curtains for about 16 years now. She is 40 years old and is raising two children, 14 and 18 years old, with her partner.
Margot would like a loan in order to purchase fabric and other materials to produce curtains. Her dream is to own a curtain factory and sell her products at wholesale.
Margot is a member of the village bank Los Diamantes in Cusco, which is receiving its 16th loan.
Previous Loan DetailsMargot is 39 years old and lives with her partner. She has one daughter and one son, both of whom are still in school and living with her. She is the owner of a store in which she makes and sells curtains. Margot is asking for an $800 loan to buy more materials to make curtains. Specifically, she… More from Margot'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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