Update on TimoteaTimotea’s a member of the “Las Triunfadoras” (The Victorious Ones) communal bank in Andahuaylillas District in Quispicanchis Province in Cusco, Peru. She’s continues with the business of buying and selling cattle. She buys calves, fattens them up and then sells them. On this occasion, Timotea needs the loan to buy two bullocks to raise to subsequently sell in her community’s market. Timotea is very grateful to Kiva for allowing her to stay in business and by means of her work provide support for her home.
Timotea está muy agradecida con KIVA por permitirle continuar en su actividad económica y con este trabajo llevar el sustento a su hogar.
Previous Loan DetailsThe associate belongs to the “LAS TRIUNFADORAS” communal bank. The bank is located in the Andahuaylillas district, which belongs to the province of Quispicanchis and department of Cusco. The associate is Señora Timotea. She is 33 years of age, lives in a shared home and has 4 children. The ... More from Timotea'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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