Update on FranciscaFrancisca is a member who continues to participate in the Communal Bank "Mujeres Unidas" (United Women). She continues to engage in her bakery business and produces delicious cakes, breads, pastries, and products such as corn starch cookies, "condesas" (another type of cookie), and other items.
Francisca is taking this opportunity to request a loan to buy sacks of flour in bulk, lard, butter, and yeast for making and preparing different pastries. She is grateful for the opportunity provided and promises to complete her various payments according to the established terms.
La socia Francisca en esta oportunidad requiere el préstamo para comprar sacos de harina al por mayor, manteca, mantequilla, levadura para elaborar y preparar los diferentes pasteles.
La socia Francisca en general agradece la oportunidad brindada y se compromete a cumplir con el pago de sus diferentes cuotas en los plazos establecidos.
Previous Loan DetailsThe member belongs to the ” MUJERES UNIDAS” ["United Women"] communal bank. The bank is located in the district, province and department of Cusco. The member is Mrs. Francisca. She is 40, married, and has 4 children. She has a baker's shop and sells pies, bread, and cakes, among other items. She… 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