Update on Luz MarinaLuz Marina continues to work raising animals and growing crops. She raises pigs, chickens, and guinea pigs and she also grows corn, potatoes, and barley. Luz Marina has been working in agriculture for 7 years and it has gone very well for her. She has worked in small businesses for 9 years. Her dream is to have a fixed place where she can sell her animals.
Luz Marina is requesting a loan in order to buy guinea pigs, pigs, chickens and animal feed. She is very grateful and values the loan. Luz Marina promises to be reliable and disciplined with repayments just as she has been with her previous 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 DetailsThis member, Mrs. Luz Marina, belongs to a communal bank called 'Virgen del Carmen de Yuncaypata', a very friendly bank located 30 minutes from the city of Cusco, in the village of Yuncaypata. This is a typical Andean village which has retained it's pure heritage. Everyone lives communally, suppo... More from Luz Marina'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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Sep 13, 2012
- Oct 15, 2012
- Currency Exchange Loss:
- Apr 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.