Update on GregoriaThe borrower still has her cheese-making business. She also raises cows. The borrower sells the cheeses in the various markets in Anta district, and also sells the cows in the markets.
She already has eight years in these businesses. Her dream is to have a shop where she can sell the cheeses. The borrower is requesting the loan in order to buy milk and salt for making cheeses.
In the photo, the borrower is cooking fried meat; because on the days they meet, the group members cook, so that they can share a pleasant time.
The borrower is happy about the loan and promises to make her installment payments.
La socia en la foto esta cocinando una carne frita porque los dias de su reunion se cocinaron para que los socios compartan un momento agradable.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsSra. Gregoria is a member of the Communal Bank “Mujeres en Acción” (Women in Action) which is located in the District and Province of Anta, Department of Cusco.
She is 46 years old, married, and has five children. Gregoria divides her time between her daily activities and her business of… More from Gregoria'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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