Update on JudithThe member Judith belongs to the bank "Luz del Sur" of the city of Cusco - Peru. The member is single and is the mother of two children. Judith is still devoted to the manufacture and maintenance of refrigeration equipment.
This time, Judith needs the loan to buy material such as stainless steel hotplates, steel rods, and refrigeration engines to manufacture refrigeration equipments. Judith is very grateful to Kiva because it helps her to strengthen her economic activity, and it allows her to educate her children with the income of her work.
Judith está muy agradecida con KIVA por permitirle fortalecerse en su actividad económica y por permitirle educar a sus hijos con sus ingresos económicos producto de su trabajo.
Previous Loan DetailsJudith is one of 12 members of the village bank “Luz del Sur”, located in the Andean highlands of Cusco. Judith is 30 years old. She lives with a partner and is raising two children, a 2.5-year-old son and a 9-year-old daughter. Judith has worked as a refrigerator technician for eight years and s... More from Judith'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