Update on GladisGladis belongs to the communal bank “Las Triunfadoras” of the district of Andahuaylillas of the province of Quispicanchis of Cusco, Perú. She is a young mother of a family and is very hard-working. She makes a living selling “jora” which is processed grains of corn that represent the main ingredient in the preparation of “chicha de Jora” (a traditional drink). In addition to this activity, she also has a small beauty salon where she performs hair cuts and hair and beauty treatments.
On this occasion, Gladis is requesting the loan to buy jora in order to meet the demand of her customers and also to buy some beauty products such as hair dyes. Gladis is very grateful to Kiva for permitting her to strengthen her business which allows her to bring sustenance to her home.
Andahuaylillas, de la provincia de Quispicanchis del Cusco – Perú. La socia es una joven madre de familia muy trabajadora, ella se dedica a la venta de jora que son granos de maíz procesado y que representa el insumo principal para la preparación de la chicha de Jora, pero además de esta actividad, ella tiene un pequeño salón de belleza en donde realiza trabajos de corte y tratamientos de cabello y de belleza. Gladis en esta oportunidad está solicitando el préstamo para comprar jora, para cubrir la demanda de sus clientes, y tambien comprará algunos productos de belleza como tintes para cabello. Gladis está muy agradecida con KIVA por permitirle fortalecer su comercio el cual le permite llevar el sustento a su hogar.
Previous Loan DetailsGladis, age 38, lives with her partner and has three children. She is a member of the communal bank “LAS TRIUNFADORAS”'; the bank is located in the district of Andahuaylillas of the Quispicanchis province which is part of the Cusco department. Gladis divides her time between her daily activiti... More from Gladis'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