Update on Maria CleofeMaría Cleofe is now 35 years old. She is married and has three children. She lives in Tambo Real in the province of Anta. She raises smaller animals such as pigs, guinea pigs, and sheep, and also grows crops such as potatoes, corn, and wheat, depending on the season. María Cleofe is requesting this loan to buy feed for her animals, including grass, hay, alfalfa, and so on. She is very grateful to Kiva for helping her with her business and is committed to making her payments on time. María Cleofe belongs to the San Bartolo de Tambo Real village bank in Tambo Real, Anta Province, in Cusco, Peru.She wants to offer her children a better life and education. She makes sacrifices for them and hopes to work hard and save money to pay for their education.
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 puntualmente. María Cleofe pertenece al banco comunal “San Bartolo de Tambo Real” distrito de Tambo Real de la provincia de Anta en Cusco – Perú.
María Cleofe 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 Cleofe, 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. Cleofe is 35 years old, she is married and she has 3 children. She is a cattle farmer and she owns cows and small ani... More from Maria Cleofe'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 15, 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.