Update on CeliaThe member belongs to Los Diamantes Communal Bank. The member continues dedicating herself to the restaurant business. The member has spent some time in this business which is going well thanks to the hard work she puts into the business. The member offers lunch every day and at the same time the member continues saving to open her new business, a poultry store. The member is a responsible and hardworking person, this being the way the member moves her family ahead.
The member is requesting the loan in order to purchase supplies for her business such as oil and rice by the sack.
The member is grateful for the loan provided and promises to make all her payments on time.
La socia solicita el credito para la compra de insumos para su negocio como aceite y arroz por sacos.
La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsCelia belongs to the “Los Diamantes” (Diamonds) community bank which is located in Cusco district, in the province and department of the same name. Celia is 56 years old. She is married and has 2 children. She divides her daily activities with her restaurant business. She serves in her… More from Celia'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