Update on JanetThe member belongs to the Daughters of Maria communal bank. She continues to work selling furniture. She has worked in this business for several years, through which she helps her family get ahead. She makes different types of furniture such as beds and dressers, among others. She wishes to continue working in her business to offer her family a better quality of life.
She is asking for the loan to purchase wood for her business.
She is grateful for the credit offered and promises to comply with the corresponding payments.
La socia solicita el prestamo para la compra de madera para su negocio.
La socia agradece el credito otorgado y se compromete a cumplir con el pago correspondiente.
Previous Loan DetailsJanet is a client of Asociación Arariwa. She is a member of a communal bank in Cusco consisting of 20 members. The group is called Las Hijas de Maria (“Mary’s daughters” in Spanish). Janet lives with her partner and two daughters (aged 9 and 3) in Cusco. Janet owns and runs a furniture store… More from Janet'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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