Update on ElaineElaine continues with her business of selling motorcycle replacement parts. She has been in this business for a good amount of time. It is going well for her thanks to the daily effort that she puts into her business.
She also continues knitting sweaters, scarves, and hats, among others. She sells to her friends and customers at the different fairs that are held. She is a responsible and hard-working person with a great desire to continue working for her family.
Elaine is requesting the loan to buy materials like different colors of wool for her business. She is grateful for the loan she was granted, and she pledges to make her payments.
La socia solicita el credito para la compra de materiales para su negocio como lanas de diferente color.
La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsElaine, 36, is a member of the “RICHARY ANTEÑA” communal bank located in Anta District belonging to Anta Province and Cusco Department. She is married and has three children. She alternates her daily activities with the sale of motorcycle spare parts. She works from 8am until 7pm. She also… More from Elaine'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