Update on MarisolMarisol belongs to the Los Hijos de Qolquewasi communal bank in the city of Cusco, Peru. She continues with her direct sales of women’s lingerie. Marisol has worked in this business for some time. It is through this business activity that she supports her only daughter, who is a minor.
This time she will use her loan to capitalize her business activity. She will buy lingerie to fill orders from numerous customers. Most of them are women.
Marisol wants to continue working hard in order to eventually set up a clothing and lingerie store. This way she will strive to give her daughter a better education.
Marisol is very grateful to Kiva for allowing her to educate her daughter and maintain and develop her business activity.
Marisol quiere seguir trabajando duro para eventualmente poner una tienda de ropa y lencería y de esa manera procurar darle una mejor educación a su hija.
Marisol está muy agradecida con KIVA por permitirle educar a su hija y por mantenerse y desarrollarse con su actividad.
Previous Loan DetailsMarisol is 34 years old and sells Italian lingerie to her friends and other mothers at the school her nine-year-old daughter attends. She does not use a catalog; rather she visits her customers and brings her wares with her. Marisol has been running this business for about three years, with help ... More from Marisol'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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