Update on Flora VirginiaThe associate is Sra. Flora Virginia, who is part of the bank “Luz Del Sur” (Light of the South) of the city of Cusco Peru. The associate is a hard working woman. She continues devoting herself to teaching at the university.
The associate in this opportunity is requesting a loan to purchase teaching tools such as digital materials, summaries, and print outs for her classes.
Flora Virginia works hard and sacrifices to give her youngest son a better life. It is most important to provide and pay for a better university education. The associate is very grateful with Kiva for letting her give a better life to her family and a better education to her son.
Flora Virginia trabaja mucho y se sacrifica para darle a su último hijo una mejor vida, y lo que es más importante, brindarle y pagarle una mejor educación universitaria.
La socia está muy agradecida con KIVA por permitirle dar una mejor calidad de vida a su familia y una mejor educación a su hijo.
Previous Loan DetailsFlora Virginia is 56 years old and married with three children aged twenty, thirty, and 32 years. She has thirty years of experience as a high school educator, teaching language and communications. Flora Virginia is one of twelve members of the village bank, “Luz del Sur,” located in the And... More from Flora Virginia'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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