Update on LucilaThe borrower Lucila continues with her business of buying and selling vegetables. She has had this business for some time and it is going well for her thanks to her determination in working in her business each day. She is a responsible and determined person with a strong desire to continue working for her family. She sells in a mobile manner to the areas where she sees the most customer demand such as markets. She sells carrots, onions and pumpkin as well as other vegetables. The borrower wants to continue working. She is requesting a loan to buy vegetables wholesale (carrots). The borrower is grateful for the loan and promises to make all of the repayments.
La socia solicita el credito para la compra de verduras al por mayor (zanahorias).
La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsThis borrower belongs to the “MUJERES EN ACCION” ["Women in Action"] communal bank. The bank is in the Compone district of Anta province, in the department of Cusco. Her name is Lucila, and she is 38 years old. She has a live-in partner and 3 children, aged 10, 8 and 2. Her work is a retail bu... More from Lucila'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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