Update on AnonymousOur member is a part of the community bank “Mujeres Emprendedoras” from the city of Cusco, Perú. She continues to dedicate herself to her grocery store, which is going really well, and this activity permits her to help her family get ahead. For this reason, she will invest to asked for loan to gain capital for her activities and to buy merchandise like rice, sugar, noodles, milk, etc. to stock her store.
She is very grateful to Kiva for allowing her to sustain herself in her business and for helping her family.
She thanks the lenders and promises to complete the payment of her loan installments according to her payment schedule.
La socia está muy agradecida con KIVA por permitirle mantenerse en su actividad y apoyando a su familia.
La socia 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 “Mujeres Emprendedoras” (Enterprising Women) communal bank located in Cusco District that belongs to Cusco Province and Department. She is 45 years old, married and has three children. She alternates her daily activities with running a grocery store. She sells basic… More from Anonymous'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