Update on VictoriaVictoria is continuing in her business selling natural health products. She works independently, offering her goods to her friends and customers who come to her. At the same time she is also continuing to sell dry goods such as corn. She works in markets in Ollantaytambo on weekends. Things are going well in her businesses thanks to the efforts she puts into each of them. She is a responsible person and works very hard, since this is what it takes to help her family get ahead.
She is seeking this loan in order to buy natural products for her business. She is grateful for the opportunity and promises to complete her repayments in a disciplined manner.
La socia solicita el credito para la compra de productos naturales para su negocio.
La socia agradece el préstamo otorgado y se compromete a cumplir con el pago de sus cuotas de forma disciplinada.
Previous Loan DetailsThe member belongs to the “SAN RAFAEL” communal bank; This bank is located in the Huanchac District, in the Cusco province and department. Victoria is married and is 29 years old, she has a 7 year old son; the member has a club store focusing on herbalife products; the member is the owner of… More from Victoria'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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