Update on ZenoviaZenovia still belongs to communal bank Santo Domingo. Meetings are held every month in the district of Cusco of the province of Cusco in the region of Cusco. Zenovia is 53 years old and separated, but has 3 children. She was born in the city of Cusco and still lives there. She still has her food-selling business, which is a tiny restaurant where she prepares and serves dishes she makes, such as chicken stew, stuffed rocoto pepper, and sautéed pork. She works from four in the morning to nine at night. She asks for a loan to buy ingredients such as rice, oil, chicken, meat, and vegetables. Zenovia is happy to benefit from this loan and promises to honour the repayment schedule.
La socia Zenovia sigue con el negocio de venta de comida, ella tiene un pequeño restaurante donde prepara y expende sus platos de comida como por ejemplo de estofado de pollo, rocoto relleno, lomo saltado y entre otros platos, la socia Zenovia trabaja desde las 4:00 a.m hasta las 9:00 p.m. La socia Zenovia solicita el préstamo para comprar productos para cocinar como por ejemplo sacos de arroz, aceite, pollos, carnes y verduras. La socia Zenovia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsThis borrower belongs to the "Santo Domingo" communal bank, which is located in the district, province, and department of Cusco. This borrower is Ms. Zenovia. She is 52 years old, married and has three children. She divides her time between her daily activities and running her restaurant… More from Zenovia'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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