Update on RosaThis member belongs to the 'Maria Auxiliadora' community bank. She continues in her business selling dried grains such as 'chuño' (freeze-dried potato). She has been in this business for years and it is doing well thanks to the effort that she puts in every day. She sells her merchandise in one of the markets in Cusco. The member is a responsible, hard-working person and this is how she provides for her family. She is requesting this loan to buy more merchandise for her business such as dried grains. She feels grateful for the loan she has been given and pledges to make her repayments on time.
La socia solicita el crédito para la compra de más mercadería para su negocio como granos secos.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsDuring the communal bank’s meeting we met Rosa, who is a member of Asociación Arariwa’s “María Auxiliadora” communal bank, and who meets with her fellow members every thirty days in the house of one of the members in Cusco’s San Jerónimo neighborhood. Rosa was born in the city of Quillabam... More from Rosa'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