Update on NinoskaNinoska belongs to the communal bank “Las Hijas de María” (Daughters of Mary). She has a shop that sells liquor. She works in her business every day in order to build a better life for her family. She enjoys this business, which is going well thanks to the effort she makes every day. She wants to build her business little by little.
She is seeking this loan to buy soda and beer for her business. She is thankful for her previously granted loan and promises to complete her monthly repayments on time.
La socia solicita el prestamo para la compra de gaseosas y cerveza para su negocio.
La socia agradece el credito otorgado y se compromete a cumplir con sus cuotas mensales.
Previous Loan DetailsNinoska is 31 years old and lives in the city of Cusco, which is located in the Department of Cusco, Peru. Her main business activity involves selling liquor from a shop she rents called “Licoreria Open”. Her store is open all day and all night and attended by two employees who work in shifts.… More from Ninoska'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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