Update on HildaThis group member is named Miss Hilda. She belongs to “The Master of Miracles of Chimpahuaylla” Community Bank in Cusco City, Peru. This member continues to sell food in one of the markets in her community. Hilda has been doing this for a long time and it is how she has helped all her children to progress. She dreams that her children will be professionals. This is why she makes such an effort and why she works each day. She saves and she pays for her children’s education.
Hilda will use this loan to pay for goods such as rice, vegetables, potatoes, etc. for her business.
Hilda is very happy and grateful to KIVA as they give her a better quality of life for her family and the loan helps her to maintain and develop her economic activities.
Hilda invertirá su préstamo para comprar insumos como arroz, menestras, papas etc. para su comercio.
Hilda está muy feliz y agradecida con KIVA por permitirle dar una mejor calidad de vida a su familia y ayudarla a mantener y desarrollarse en sus actividades económicas.
Previous Loan DetailsSra. Hilda is a member of the Communal Bank “Señor de Los Milagros de Chimpahuaylla” which is located in the District of San Jeronimo, Province and Department of Cusco.
She is 52 years old and a widow with nine children. Hilda sells food at the Chimpahuaylla Market and in the market square.… More from Hilda'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 20, 2012
- Jul 30, 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.