Update on VicentinaThe partner is Mrs. Vicentina, and she belongs to the bank of "Las Triunfadores" in the Andahuaylillas district in the province of Quispicanchis of Cusco, Peru. The partner is a very hardworking woman and she remains dedicated to trade of vegetables and general trade in the markets in the Puerto Maldonado region. This time Vincentina is requesting a loan to buy goods such as tomatoes, carrots, lima beans, peas, potatoes etc. Vincentina wants to grow her business and with the money she makes, she reinvests it in her business, which allows her to meet the payment schedule of her loans.
Andahuaylillas, de la provincia de Quispicanchis del Cusco – Perú. La socia es una mujer muy trabajadora, ella continua dedicándose al comercio de verduras en general y los comercializa en los mercados de la región de Puerto Maldonado. Vicentina en esta oportunidad está solicitando el préstamo para comprar mercadería como tomates, zanahorias, habas, arvejas, papas etc. Vicentina desea hacer crecer su actividad económica y por ello el dinero que gana, lo re invierte en su actividad y le permite cumplir con el cronograma de pagos de sus préstamos.
Previous Loan DetailsVicentina is 37 years old, lives with her partner and has no children. She makes a living selling vegetables and tubercules in Huaypetue, district of Puerto Maldonado province - Perú. Vicentina brings her products to sell them in this region of Perú, because of the growth in population due to the... More from Vicentina'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