Update on FranciscaFrancisca is 52 years old, married, and has 4 children. She has a grocery store where she sells a variety of products such as rice, sugar, cooking oil, milk and noodles.
Francisca works from 6am until 10pm, and through this business she has provided for her family. Francisca wants to maintain and expand her grocery store business. To do this she is requesting a loan to buy merchandise such as: rice, sugar, milk and noodles at wholesale.
Francisca is happy to be getting this loan, and she promises to comply with the payment terms. She belongs to the communal bank "Qorimankacha" in the city of Cusco, Peru.
Francisca trabaja desde las 6:00 a.m hasta las 10:00 p.m, por medio de este negocio sacó adelante a su familia, Francisca quiere mantener y ampliar su negocio de tienda de abarrotes. Por ello solicita el préstamo para comprar mercadería como arroz, azúcar, leche y fideos al por mayor.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
La socia pertenece al banco comunal “QORIMANKACHA”; de la ciudad del Cusco - Perú.
Previous Loan DetailsFrancisca belongs to the “QORIMANCACHA” communal bank, which is located in the Cusco district, within the province and department of the same name. Francisca is 52 years old, married, and has 4 children. She splits her daily activities with her grocery store business, where she sells rice, sug... More from Francisca'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