Update on PurificacionOur member makes her living, as before, selling blankets and other textiles. She still works her farm, as well, growing potatoes, maize and wheat. She sells the textiles in her own store. She has owned the business for 8 years and says that she would like to grow it with sales of other crafts products. She is applying for a loan that she will use to buy blankets and other textiles.
Our member is grateful for your loan and says that she is commited to repaying it in the agreed-upon time, just as she has with past loans.
La socia agradece y valora el préstamo mediante este medio y se compromete a cumplir disciplinadamente como lo ha ido haciendo con sus anteriores créditos.
Previous Loan DetailsPurificacion belongs to the "Virgen Del Carmen De Yuncaypata" community bank located 30 minutes from the city of Cusco in a village called Yuncaypata. This is a typical village that maintains all of its pure Andean culture, and the entire community supports each other during the planting and… More from Purificacion'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