Update on Maria ElenaMaría Elena continues as a member of the “Santo Domingo” communal bank. The bank meets every thirty days in Cusco District in Cusco Province and Department. María Elena is 42-years-old, married and has two children. She was born in the city of Espinar but lives in the beautiful city of Cusco.
She alternates her daily activities with the business of agriculture. She continues growing apples and broad beans to then sell at wholesale in various markets. She also working providing school transportation services. Her wish is to buy a new car.
On this occasion, María Elena is asking for a loan to buy seeds and fertilizer. She’s happy about the loan and commits to make her installment payments.
La socia Maria Elena alterna sus actividades diarias con el negocio de agricultura, ella sigue sembrando manzanas y frejoles para luego los vende al por mayor en los diferentes mercados. Además, ella también se está dedicando a brindar servicio de movilidad escolar de un colegio particular. Su anhelo de la socia Maria Elena es comprarse un carro un nuevo.
En esta oportunidad la socia Maria Elena solicita el préstamo para comprar semillas y fertilizantes. La socia Maria Elena está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsThis member belongs to the community bank "SANTO DOMINGO". The bank is located in the district of Cusco, which belongs to the province of Cusco, and department of Cusco. The member is Señora Maria Elena, she is 42 years old and married with 2 children. The member combines her daily activities… More from Maria Elena'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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