Update on Dania MarietaThe borrower is Dania. She is continuing with her accounting business. On this ocasion, Dania is applying for a loan to operate her accounting firm. She will buy some office supplies, and furniture such as filing cabinets for better organizing her office.
Dania is very grateful for Kiva's help and for assisting her to improve her business, which allows her to provide her family with a better quality of life. She belongs to the "El Templo del Inca" communal bank in the city of Cusco, Peru.
Previous Loan DetailsDania was born in the city of Ayaviri in the department of Puno. She is 49 years old and today she lives in the city of Cusco together with her only son. She is a public accountant and 15 years ago she opened her accounting firm. She has accessed a loan through Asociacion Arariwa (Kiva Field… More from Dania Marieta'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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