Update on Diana PatriciaDiana belongs to the communal bank “Choquequirao” in the Asociación Arariwa in the city of Cusco. She meets with her fellow group members every 30 days in the city of Cusco, in the province and department of Cusco.
Diana alternates her daily activities with her business making silver jewelry, such as earrings, bracelets and necklaces. She has a workshop in her own house. She works on this business together with her brother, and it is going well. In addition, Diana works for a private company during the day. Diana is a hardworking and responsible person, and in this manner she is getting ahead.
She is requesting a loan to buy supplies to make silver jewelry.
Diana appreciates and values this loan, and promises to comply with the monthly payment terms.
La socia Diana alterna sus actividades diarias elaborando joyas en plata como aretes,pulseras y collares,la socia tiene su taller en su propio domicilio ella trabaja en este negocio conjuntamente con su hermano el cual le va bien ,a la vez la socia trabaja en una empresa privada durante el dia,la socia es una persona empeñosa y responsable siendo de esta manera que la socia sale adelante.
La socia solicita el prestamo para la compra de materiales para elaborar las joyas en plata.
La socia agradece y valora el préstamo y se compromete a cumplir con el pago de sus cuotas mensuales.
Previous Loan DetailsDiana belongs to Asociación Arariwa’s Community Bank in the city of Cusco. The members hold monthly meetings in the city which is part of the province and department of the same name. Diana is 22 years old and single. She was born in Cusco and still lives and works there. She works for a… More from Diana Patricia'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 28, 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.