Update on IrisShe belongs to the “Los Diamantes” (The Diamonds) communal bank and is still teaching third graders. At the same time, she’s still attending accounting classes at one of Cusco’s universities. She is a responsible, dedicated person who gets ahead this way. She teaches during the day Monday through Friday. She wants to be able to continue working and studying in order to improve more every day. She’s asking for a loan to pay for her classes. She is grateful for the loan granted and commits to make her installment payments.
La socia solicita el credito para pagar sus estudios.
La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsIris is 30 years old and lives with her partner. She is currently a student at the National University of San Antonio Abad Cusco, where she studies accounting. In addition, she is a docent at a local Inca museum in the city of Cusco. Iris works very hard in school and she is passionate about ... More from Iris'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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