Update on Danitza SoledadDanitza is 21 years old and studying hotel administration, with two years left to finish her degree. She also continues running a small business with her mother selling artisanal products. This year, her mother turned over the entire business to Danitza, who is now 100% responsible for buying goods and selling to tourists on weekends near the Incan ruins of Macchu Picchu.
Purchasing her wares from wholesalers on Saturdays in Cusco, Danitza is requesting a loan in order to buy inventory such as silver jewelry, backpacks, alpaca sweaters and ceramics. Her dream is to open a chain of hotels and a travel agency.
Danitza is receiving an individual loan as a member of the village bank "El Sr de los Temblores III" in Cusco, which is located in the Andean mountains at 3,400 meters above sea level. The bank is in its first cycle with Asociación Arariwa, although some group members were previously members of other village banks.
Previous Loan DetailsDanitza is 19 years old and single. She is a member of Arariwa's “Señor De Los Temblores II” community bank in the city of Cusco, Peru. Danitza is an enterprising and hard-working young woman who makes and sells silver handicrafts in the city of Aguas Calientes (Aguas Calientes is located on the… More from Danitza 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