Update on LidaThis member belongs to the communal bank "LIDERANDO LAS PALMERAS". The bank is located in the district of Cusco, belonging to the province of Cusco and department of Cusco.
The member is Lida. She continues with her snack bar/café business. She has been working in this business for a long time and it is going well thanks to her daily efforts. The member works from 8:00 a.m. until 9:00 p.m. approximately, as this is the way she manages to get her family ahead. She is a happy and responsible person with a great desire to help her family get ahead.
The member is requesting a loan to buy furniture for her business such as chairs.
The member is grateful to those who form part of this dream by means of lending and she is committed to paying her loan payments in the established time period.
La socia es la Sra. Lida;La socia continua con su negocio de snack cafetería, la socia lleva buen tiempo en este negocio el cual le va bien gracias al empeño que le pone cada dia,la socia trabaja desde las 8:00 a.m hasta las 9.00 p.m aproximadamente,siendo de esta manera que la socia saca adelante a su familia,la socia es una persona alegre y responsable con muchas ganas de salir adelante por su familia.
La socia solicita el préstamo para comprar implementos para el snack como sillas.
La socia agradece a quienes forman parte de este sueño mediante este medio y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.
Previous Loan DetailsLida is a member of the 'Liderando Las Palmeras' community bank which is located in Cusco district, in the province and department of the same name. Lida is 46 years old. She is married and has 2 children. She divides her time between her daily activities and her snack bar / café business. ... More from Lida'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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- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- May 29, 2012
- Jun 6, 2012
- Currency Exchange Loss:
- Jul 6, 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.