Update on HilariaThe member, Hilaria, belongs to Virgen del Carmen de Yuncaypata Communal Bank, located in the community of Yuncaypata in the province and department of Cusco. Hilaria continues with her business buying and selling dried goods such as quinoa and tarwi beans.
She has been in this business for years and it's going well for her thanks to the effort she puts into it every day. She buys her merchandise in the district of Pisaq and later sells it in the street markets in one of the markets in Cusco. She's a responsible and hardworking person, this being the way she gets her family ahead.
She's requesting the loan to buy merchandise wholesale, such as tarwi beans.
She's happy about the loan and pledges to make the payments punctually.
La socia es la Sra. Hilaria; la socia continua con su negocio de compra y venta de productos secos como kinua y tarwi,la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,la socia compra su mercaderia en el distrito de Pisaq para luego venderlos en las ferias de uno de los mercados del Cusco,la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el préstamo para comprar mercaderia al por mayor como tarwi.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota
Previous Loan DetailsHilaria is a member of the "Virgen del Carmen de Yuncaypata" community bank which is located in Yuncaypata community, in Cusco province and department. Hilaria is 41 years old, married, and has 6 children. She divides her time between her daily activities and her business buying and selling… More from Hilaria'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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