Update on ZenaidaZenaida continues her business selling crafts and artisan products, such as woven blankets, hats and dolls. She has a stand at a local market, and works from 8:00 in the morning until 5:00 in the afternoon. She now has eight years of experience in the business, and her dream is to expand and grow her business, eventually opening her own store where she can sell craft merchandise.
Zenaida is requesting this loan in order to purchase blankets, hats and dolls for resale at her stand. She is grateful for the previous loan, and promises to continue her good track record of prompt loan repayments.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsZenaida is 34 years old, has two children, and lives in the city of Cusco, Peru. Zenaida is a hard-working mother and entrepreneurial woman, who sells handicrafts. She has a small market stall in the handicraft center of Cusco. Zenaida requires the loan to buy more merchandise. Zenaida belongs… More from Zenaida'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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