Update on DorisThe group member is Doris, who is a member of the community bank “Mujeres Emprendedoras” from the city of Cusco, Perú. She continues to work in her restaurant, which is doing well, and this activity helps her family to get ahead. She will invest her asked for loan in her business and buy merchandise and comestibles for her food sales business.
Doris is very grateful to Kiva for helping her to maintain her business and support her family.
Doris thanks and values the lender and promises to make her monthly payments.
Doris está muy agradecida con KIVA por permitirle mantenerse en su actividad y apoyando a su familia.
Doris agradece y valora el préstamo y se compromete a cumplir con el pago de sus cuotas mensuales.
Previous Loan DetailsDoris is a member of the “Mujeres Emprendedoras” (Resourceful Women), a Communal Bank whose members meet every thirty days in the town of Cusco. Doris is a resourceful and hardworking mother who engages in selling meals. She owns a small restaurant where she sells menus and other typical dishe... More from Doris'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