Update on AidaThe borrower, from the Madres Trabajadoras communal bank, continues dedicating herself to the grocery store business selling staples such as rice, sugar, milk and also other products such as vegetables, pasta, snacks, beer and more. She has been in this business for years which gives her a lot of satisfaction both financially and personally as through this business she supports her family, and she continues selling gas, working from 5:00AM until 7:00PM. She is a responsible person.
The member is asking for a loan in order to buy merchandise such as beer. She is happy with the granted credit and is grateful to the Kiva loaners.
La socia solicita el crédito para la compra de mercadería como cerveza.
La socia está contenta con el crédito otorgado y agradece a los inversionistas de kiva.
Previous Loan DetailsAida is a member of the "MADRES TRABAJADORAS" ("Working Mothers") communal bank. The bank is located in the district of Cusco, province of Cusco, department of Cusco. She is 43 years old, single with 2 children. On top of her daily activities she has a gas selling business and also runs a… More from Aida'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