Update on Maria IsabelSeñora María Isabel is a member of the communal bank "Las Triunfadoras" from the district of Andahuaylillas in the province of Quispicanchis of Cusco, Perú. The member continues working in the administrative post in her district's municipality and also in her agricultural work with various products like corn and potatoes among others according to the season.
In this opportunity, María Isabel needs the loan to buy corn seed and to rent land in order to cultivate it. María Isabel is very grateful to Kiva for allowing her to continue with her economic activity and with this job bring sustenance to her home.
María Isabel está muy agradecida con KIVA por permitirle continuar en su actividad económica y con este trabajo llevar el sustento a su hogar.
Previous Loan DetailsMaria is a member of the “Las Triunfadoras” communal bank, located 5 minutes from the city of Cuzco in the district of Andahuaylillas. Maria is 55 years old and has 2 older children. She stores corn and she has worked in the municipality of Andahuaylillas as an administrator since 2008. Mar... More from Maria Isabel'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