Update on CarmelaCarmela belongs to the Qorichuspa communal bank. She lives in the Huanchac district in the Cusco province, Cusco department.
Carmela continues to work as a confectioner. She decorates cakes with colored characters for different children’s parties when her services are requested. She has had her business for a good amount of time, and thanks to her daily effort, it is going well for her. This is the way that she gets her family ahead.
She requested the loan to buy materials like brushes. She is grateful for the loan that was granted, and she pledges to make her payments.
La socia Carmela;continua dedicandose a la repostería, la socia se dedica a la elaboracion de caritas pintadas para las distintas fiestas infantiles donde solicitan sus servicios,la socia lleva buen tiempo en este su negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,siendo de esta manera que la socia saca adelante a su familia.
La socia solicita el prestamo para la compra de materiales como pinceles.
La socia agradece el credito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsCarmela belongs to the "Qorichuspa" community bank; she lives in the district of Huanchac, in the Cusco province, in the department of Cusco. Carmela is 37, lives with her partner and has 2 children ages 15 and 5. She works as a confectioner. From whipped cream she makes coloured characters and… More from Carmela'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
- Jun 6, 2012
- Jun 16, 2012
- Currency Exchange Loss:
- Jan 15, 2013
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.