Update on Julia MaxmilianaThe member continues to work in her sewing business, where she sews different types of dresses and suits, and now she is also in the restaurant business. She sells breakfasts, lunches, and dinners. She works from 7:00 a.m. until 6:00 p.m. She also continues to work in her business of selling beauty products, like creams and perfumes. Through these businesses, the member is getting ahead. Her dream is to grow her restaurant business and also to keep working selling beauty products.
The member is requesting this loan to buy ingredients for cooking like meat, chicken, and vegetables, and also to buy creams and perfumes. She is happy about the loan and committed to making her loan payments.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsJulia Maxmiliana is 56 years old and lives in the city of Cusco. She has been a member of the Communal Bank “Patron de San Sebastian” [Saint Sebastian Patron] of Arariwa Microfinance Unit for a long time. Julia Maxmiliana is married and has four children. She is a seamstress and has a small works... More from Julia Maxmiliana'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