Update on FelicitasThis is member Felicitas. She continues to sell cow's milk and has been in this business for years. Her business is going well thanks to the effort she puts into it every day. At the same time, she continues with her other business, buying and selling dried products, such as wheat, corn, and others. Member Felicitas sells her products at the markets that are set up on weekends. She is a responsible person and is very eager to keep working for her family. She is requesting the loan in order to purchase wholesale corn for her business.
La socia solicita el credito para la compra de maiz al por mayor para su negocio.
Previous Loan DetailsFelicitas belongs to the community bank "Señor de Ccoyllority Yungaqui". She lives in the district of Anta in the Anta province in the state of Cusco. Felicitas is 38 years old and is a native of Iscuchaka. She is married and has four children. Felicitas alternates her home activities with her… More from Felicitas'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