Update on EudociaEudocia’s a member of the “Las Triunfadoras” (The Victorious Ones) communal bank in Andahuaylillas District in Quispicanchis Province in Cusco, Peru. She continues selling ‘chicha de jora’ [fermented corn beverage] and also raising small farm animals. On this occasion, Eudocia needs the loan to buy purple corn to make chicha and also to buy some barnyard animals like guinea pigs and chicks to fatten up and then sell in the local market. Eudocia is very grateful to KIVA for allowing her to stay in business and by means of her work provide support for her home.
Eudocia está muy agradecida con KIVA por permitirle continuar en su actividad económica y con este trabajo llevar el sustento a su hogar.
Previous Loan DetailsEudocia, age 67, is widowed and has one son. She is a member of the communal bank “LAS TRIUNFADORAS”; the bank is located in the district Andahuaylillas of the Quispicanchis province which is part of the Cusco department. Eudocia divides her time between her daily activities and her business o... More from Eudocia'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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