Update on AngelicaAngelica still belongs to the communal bank Manos Juntas (Hands Together). The bank is located in the district of Cusco, belonging to the province and department of Cusco.
Angelica is 54 years old and married; as a result of this beautiful relationship, she has 2 children. Angelica has continued with her business of selling mistura (this is a material made with a paper base that is used in parties) and later distributing them to the different stores that sell mistura. She is requesting the loan in order to buy materials like colored paper and different colors of dyes.
Angelica is grateful to those who are a part of her dream through these means, and she is committed to paying off her installments within the established time limits.
La socia Angelica tiene 54 años de edad y es casada y fruto de esta hermosa relación tiene 2 hijos, La socia Angelica sigue con el negocio de venta de mistura (es un material hecho a base de papel que se utiliza en fiestas) y luego los distribuye a las diferentes tiendas que venden la mistura. La socia solicita el préstamo para comprar materiales como papeles de colores y tintes de diferentes colores.
La socia Angelica agradece a quienes forman parte de este sueño mediante este medio y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.
Previous Loan DetailsThe partner belongs to the communal bank "MANOS JUNTAS" ["Hands Together"]. The bank is located in the district, province, and department of Cusco. The partner is Mrs. Angelica. She is 52 years old and is married with two children. She alternates her daily activities with the business of selling… More from Angelica'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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Jul 26, 2012
- Aug 28, 2012
- Currency Exchange Loss:
- Dec 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.