Update on FranciscaOur member belongs to the MADRES TRABAJADORAS community bank. She operates, as before, a vegetables sales business. She sells carrots, lettuce, tomatoes and other produce. She has operated the business for several years and says that it is successful because she has worked hard, day in and day out, to make it a success. She operates the business in one of the markets in Cusco. The business, she says, is her means of helping her family get ahead.
Our member is applying for a loan that she will use to buy wholesale supplies of carrots.
Our member is grateful for your help and committed to repaying your loan in the agreed-upon time.
La socia solicita el crédito para la compra de zanahorias al por mayor.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsA member of the community bank “Mujeres Trabajadores” (Working Mothers); The bank is located in the district of Santiago, in the province of Cusco and the department of Cusco. The member is Francisca. She is 51 years old, married and has 3 children. She alternates her daily activities with ... More from Francisca'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