Update on FranciscaSeñora Francisca 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 on in the business of buying and selling products for recycling, like plastic bottles and containers, in addition to also continuing to make a living by raising small animals like guinea pigs and hens, which she acquires to fatten and then later sell in the different markets in her community.
In this opportunity Francisca needs the loan in order to buy hens, chickens, and guinea pigs in addition to feed for them, and in this way capitalize on her commerce. Francisca is very grateful to Kiva for allowing her to continue with her economic activity and with this job bring sustenance home.
Francisca está muy agradecida con KIVA por permitirle continuar en su actividad económica y con este trabajo llevar el sustento a su hogar.
Previous Loan DetailsFrancisca is a member of the "Las Triunfadoras" ("Triumphant Women") Village Bank, a group of 19 women from the town of Andahuaylillas, about 40 minutes outside the city of Cusco in the Peruvian Andes. Francisca is 29 years old and lives with her one-year-old baby and five-year-old child. Francis... More from Francisca'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