Update on Maria SoledadMaria has been running a printing press for about 7 to 8 years in a rented space. Her shop produces brochures, books and all sorts of printed material, mostly for institutional clients such as NGOs, including Asociación Arariwa.
Maria is 37 years old and lives with her partner and two children, ages 3 and 12. She is requesting a loan to buy supplies such as paper and ink. She dreams of owning a larger business and also would like to see her children become professionals.
Maria is a member of the village bank "El Amanecer" in Cusco, which is receiving its 22nd loan from Asociación Arariwa.
Previous Loan DetailsMaria Soledad is a client of Asociación Arariwa, a Kiva partner. She is part of a communal bank consisting of 26 members in Cusco. The group is called El Amanecer, which means daybreak in Spanish. She is from and lives in Cusco. She is 35 years old and lives with her partner and two children, who… More from Maria 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