Update on RicardaRicarda, now 44, is married and has four children. She lives in the Tambo Real district. She still works producing dairy products like cheese and yogurt. She also works raising small animals like guinea pigs and chickens and growing crops like potatoes and corn. She needs to make more cheese and yogurt, so she will invest her loan in milk to make them.
Ricarda is very thankful to Kiva for helping her develop her business and she promises to make her payments on time. She belongs to the communal bank "San Bartolo de Tambo Real", in the Tambo Real District, Anta Province, in Cusco, Peru. She wants to provide a better life and better education for her children, and she sacrifices for them. This is why she hopes to work a lot and save to invest in their education.
Ricarda necesita elaborar más queso y yogurt, por ello invertirá su préstamo solicitado en comprar leche para la fabricación del queso y del yogurt.
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. Ricarda pertenece al banco comunal “San Bartolo de Tambo Real” distrito de Tambo Real de la provincia de Anta en Cusco – Perú.
Ricarda quiere proporcionarles una mejor vida y educación a sus hijos, y por ellos se sacrifica, así que espera trabajar mucho y ahorrar para invertir en la educación de ellos.
Previous Loan DetailsIntroducing Ricarda, a member of “SOLIDARIDAD-CACHIMAYO” (Cachimayo Solidarity), a communal bank located in Tambo Real, a district of the province of Anta in the Cusco department. Ricarda is 43 years old, she lives with her life partner and she has 4 children. On top of selling homemade food, she… More from Ricarda'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
- 8 months (Additional Information)
- Repayment Schedule
- Aug 24, 2012
- Sep 13, 2012
- Currency Exchange Loss:
- Mar 15, 2013
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.