Update on EsmeraldaEsmeralda is a member of the communal bank "Las Triunfadoras" [The Winners], which is located in the District of Andahuaylillaas, Quispicanchis Province, Department of Cusco, Peru.
The member is an entrepreneur and a very hardworking woman. She keeps dedicated to sell beef and sheep meat, and she commercializes it in the province of Cusco convention. This time, Esmeralda is requesting a loan to buy merchandise such as beef and sheep meat to capitalize her activity and meet the requests of her customers.
Esmeralda wants to continue working in this area and her dream is to have a store where to sell her products so she doesn't have to travel continuously, wasting time and money. That's why she is grateful to KIVA, because it always helps her to maintain and strength her economic activity.
Andahuaylillas, de la provincia de Quispicanchis del Cusco – Perú. La socia es una mujer muy trabajadora y emprendedora, ella continua dedicándose a la venta de carne ganado vacuno y ovino y lo comercializa en la provincia de la convención del Cusco. Esmeralda en esta oportunidad está solicitando el préstamo para comprar mercadería como carne de vacuno y ovino para capitalizar su actividad y cumplir con las solicitudes de sus clientes. Esmeralda desea continuar trabajando en este rubro y su sueño es poder poner una tienda en el lugar donde comercializa sus productos para no realizar los viajes continuos en los que pierde mucho tiempo y dinero, y por ello agradece a KIVA que le ayuda siempre en el mantenimiento y fortalecimiento de su actividad económica.
Previous Loan DetailsSra. Esmeralda is a member of the Communal Bank “Las Trinufadoras” (The Winners) which is located in the District of Andahuaylillas, Quispicanchis Province, Department of Cusco.
She is 25 years old, in a common-law relationship, and has a six-year-old son. Esmeralda has a job selling beef.... More from Esmeralda'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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Oct 19, 2012
- Nov 3, 2012
- Currency Exchange Loss:
- May 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.