Update on SoniaThe borrower Sonia continues working in the cultivation of corn and vegetables. She continues to plant various chacras (agricultural lands) and they are close to her house. Sonia continues selling her products once they reach mature size in the different markets of the town of Urubamba.
The loan that Sonia has requested will be destined for the purchase of corn. Sonia is a hardworking woman and very tenacious who always has known how to get ahead in order to improve in life and to be able to have what she desires.
Sonia requires a loan in order to purchase seeds of vegetables that will hep her with her planting.
Sonia is thankful for the loan and promises to comply with the payment quotas in accordance with the payment deadlines.
La socia Sonia que ha solicitado la socia será destinada para la compra de maíz. La socia es una mujer trabajadora y empeñosa que siempre ha sabido salir adelante para mejorar en la vida y poder tener lo que desea.
La socia Sonia requiere el préstamo para comprar semillas de hortalizas que les servirá para sembrar.
La socia Sonia agradece el préstamo y se compromete a cumplir con el pago de sus cuotas de acuerdo al cronograma de pagos.
Previous Loan DetailsThe member belongs to the communal bank "VIRGEN CONCEBIDA DE ARIN", which is located in the district of Arin in the province of Calca, department of Cusco. The member, Mrs. Sonia, is 33 years old and has two children. She grows corn and vegetables for a living. She has several patches of lan... More from Sonia'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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- May 16, 2012
- Jun 12, 2012
- Currency Exchange Loss:
- Dec 15, 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.