Update on SusanaSusana, 52, is married and has four children. She lives in Tambo Real District. Her main economic activity is working with cattle, especially selling cow’s milk. Susana owns five cows and supports her family by means of this work. Susana needs to increase milk production to meet customer demand so will invest her loan in the purchase of three more dairy cows.
She is very grateful to Kiva for helping her develop in her activity and commits to make her payments. Susana belongs to the “San Bartolo de Tambo Real” communal bank in Anta Province in Cusco, Peru.
Susana necesita producir más leche para cubrir con la demanda de sus clientes, por ello invertirá el préstamo solicitado para comprar 3 vacas lecheras más.
La socia está muy agradecida con KIVA por ayudarla a desarrollarse en su actividad y se compromete a cumplir con el pago de sus cuotas. Susana pertenece al banco comunal “San Bartolo de Tambo Real” distrito de Tambo Real de la provincia de Anta en Cusco – Perú.
Previous Loan DetailsSusana is a member of the 'San Bartolomé de Tambo Real' community bank which is located in Anta district, in Anta province, in Cusco department. Susana is 52 years old, married, and has four children. She divides her time between her daily activities and her farming business. She also sells ... More from Susana'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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