Update on DomingaThis member is Señora Dominga, she belongs to the communal bank Reyna de los Angeles (Queen of the Angels) in the province of Urbamba in Cusco, Perú. The member continues making a living through the production and the wholesale of vegetables like legumes and garden vegetables, and she distributes them in the different markets of the region. But she also makes a living by raising small animals like guinea pigs and chickens. With this opportunity Dominga will invest the requested loan by buying various products like tomatoes, onions, and carrots, in order to stock up her offerings.
Dominga is very grateful to Kiva for allowing her to provide a better quality of life to her family and for helping her with the growth and strengthening of her work. The member is grateful for the loan and promises to complete her repayments according to the timeline.
Dominga está muy agradecida con KIVA por permitirle dar una mejor calidad de vida a su familia y por ayudarla con el crecimiento y fortalecimiento de sus actividades.
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 is still working in the business of selling vegetables. She sells onions, carrots, lettuce and tomatoes from 8:00 am to 5:00 pm in the market. Through this business, the member supports her children. Her dream is to expand her vegetable selling business. She is requesting a loan to… More from Dominga'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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Jul 11, 2012
- Jul 20, 2012
- Currency Exchange Loss:
- Dec 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.