Update on IndhiraIndhira, 28, is from a humble family with few financial resources, but she is an enterprising and hardworking woman. She has a business selling cellular phones and accessories. She has a sales post in a Saturday market in the city of Cusco. She lives in the city and department of Cusco. She works selling cellular phones and used accessories to various people who come to the market. Indhira is well-respected in her communal bank "Minibank." She is requesting this loan to buy cellular phones and accessories (headsets, chargers, covers, memory, and other accessories).
Previous Loan DetailsIndhira is 21 years old and single. She is currently a student at the National University of San Antonio Abad Cusco. In addition, she also sells cellphones and cellphone accessories on the side. She is asking for a loan in order to buy more cellphones and cellphone accessories to sell. The profits… More from Indhira'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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