Update on EdithEdith belongs to the "Las Leonas de San Jeronimo" communal bank, located in San Jeronimo district in Cusco department.
The borrower is still alternating her daily activities with the purchase and sale of alcoholic beverages. She distributes piscos (traditional Peruvian grape brandy) to her customers who ask her for it, such as minimarts, stores, and other places.
The borrower is a determined person, who is very eager to keep working for her family. She wishes to see her business grow in the future.
She will invest the loan in the purchase of pisco at wholesale, in order to have more merchandise to offer her customers.
The borrower is happy about the loan she has been granted, and grateful to the Kiva investors.
La socia continua alternando sus actividades diarias con la compra y venta de bebidas alcoholicas; la socia distribuye piscos a sus clientes que le solicitan como markets,tiendas ,entre otros,la socia es una persona empeñosa con muchas ganas de seguir trabajando por su familia,la socia desea que su negocio cresca en el futuro.
La socia invertira el prestamo en la compra de pisco al por mayor para de esta manera tener mas mercaderia que ofrecer a sus clientes.
La socia está contenta con el crédito otorgado y agradece a los inversionistas de kiva.
Previous Loan DetailsEdith belongs to the communal bank "Las Leonas de San Jeronimo" [St. Jerome’s Lionesses] located in the district of San Jeronimo in the province and department of Cusco. Edith, 35, is single and has one son. She alternates her daily chores with the purchase and sale of alcoholic drinks. She… More from Edith'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 23, 2012
- Apr 22, 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.