Update on RaquelRaquel continues to belong to the “Ricchariy Puriirisun” communal bank, which is part of the Asociación Araiwa. She continues raising and selling small animals such as guinea pigs. She still has a pen at her house. She continues to sell the guinea pig meat because it is very tender and rich in protein. She has been in this business for several years, and it has gone very well for her.
She also sells milk in an itinerant manner.
She is taking this opportunity to request a loan to buy more guinea pigs.
Raquel is grateful for the opportunity that has been provided and promises to complete her payments on time.
La socia Raquel en esta oportunidad requiere el préstamo para comprar más cuyes.
La socia Raquel se encuentra agradecida por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.
Previous Loan DetailsRaquel lives in the city of Oropesa in Cusco Province, Peru. She raises and sells small animals, such as guinea pigs. Raquel has a pen in her home where she keeps approximately 500 guinea pigs. She sells the guinea pig meat because it is very tender and rich in protein. Raquel has been in thi... More from Raquel'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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