Update on Ross MereRoss Mere is continuing with her business selling consumer staples. She has had this business for quite some time, and it is going very well thanks to the daily effort she puts into the business. She sells rice, sugar, milk, cooking oil, and other items. She distributes her products to her customers, who own grocery stores and small stores. Ross Mere is a responsible and hardworking person who supports her family through this business.
She is requesting a loan to buy rice at wholesale.
Ross Mere is happy to be getting this loan, and she promises to comply with the payment terms.
La socia solicita el préstamo para compra arroz al por mayor.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsRoss Mere is a member of the San Rafael Communal Bank. The bank is located in the Cusco district, Cusco province, Cusco department. Ross Mere is 29 years old, single, and has one child. She alternates her daily activities with the work of being a “preventista,” which means she ensures that s... More from Ross Mere'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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