Update on NoheliaThis group member is Nohelia. She belongs to the Luz del Sur Communal Bank from the city of Cusco, Peru. She is the young mother of a school-age little girl, as well as being a very hardworking woman. She is still making and selling fruit juices from a stand in the city's market. Nohelia is asking for a loan this time to buy supplies such as honey, different fruits, and sugar, which will allow her to make her juices.
Nohelia works a lot and makes sacrifices to give her only daughter a better life and, most importantly, to give her a better education.
She is very thankful to Kiva for allowing her to give her family a better quality of life and to give her daughter a better education.
Nohelia trabaja mucho y se sacrifica para darle a su única hija una mejor vida, y lo que es más importante, brindarle una mejor educación.
La socia está muy agradecida con KIVA por permitirle dar una mejor calidad de vida a su familia y una mejor educación a su hija.
Previous Loan DetailsNohelia is one of 12 members of the village bank “Luz del Sur”, located in the Andean highlands of Cusco. Nohelia is 31 years old and is a single mother with a 12-year-old daughter. Nohelia operates a juice stand where she blends fresh fruits such as papayas, pineapples, and bananas for thirsty ... More from Nohelia'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