Update on LucilaThe borrower is still working in her business selling jewelry. She sells necklaces, earrings and bracelets, and also continues to be a sales representative for a food company.
She has been in the jewelry business for seven years, and it is going very well, as with the two businesses she is able to raise her children.
Her dream is to have a shop where she can sell the jewelry, as now she sells independently, bringing her merchandise to friends and institutions.
The borrower is applying for the loan in order to buy bracelets, necklaces and earrings.
She is happy about the loan, and promises to make her instalment payments.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsOur client Lucila is 30 years old and a single mother who has two children. She alternates between house work and her job as a promoter of selling “Master Food”. The client’s character and desire are characterized by the jewelry store she opened. She has the will power to move forward and to ensu... More from Lucila'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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