Update on LidaThis member is Lida. She belongs to the 'Sol Naciente' community bank in the city of Cusco and continues working as an independent accountant. This business allows her to provide for her family. For this reason, she will invest the loan she has requested in equipping her office so that she can better serve her clients.
Lida is very grateful to Kiva for allowing her to keep working in her business and supporting her family.
Lida is grateful for her loan and pledges to make her repayments according to schedule.
Lida 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 DetailsThis member belongs to the “NUEVO AMANECER – CUSCO” (New daybreak – Cusco) communal bank. She lives in the Huanchac district in Cusco province and department. Lida is 49 years old and is a single mother. She completed university studies and has a career in accounting. She works as a independent… More from Lida'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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