Update on HaydeeHaydee continues to be a member of the community bank “Imasumac II” and runs a business selling food and ice cream. She makes many types of traditional foods from the Cusco region and in addition, she makes ice cream. For the past few years, she has been in this line of work and things are going well for her. By means of this business, she is able to support her children's growth, and her dream is to make her children into college educated professionals.
She asked for this loan to buy products like sacks of sugar, sacks of rice, jars of milk, and cookies at wholesale prices. She is happy with the loan and promises that she will make payments in a timely manner.
Solicitó el crédito para comprar insumos como: sacos de azúcar, sacos de arroz, tarros de leche y galletas al por mayor. Está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsThe member belongs to the communal bank ”IMASUMAC II” which is located in the district of Huanchac in the province of Cusco and department of Cusco. The member is Sra. Haydee. She is 38 years old, married and has 4 children aged 17, 15, 13 and 5 years. The member makes and sells different kinds… More from Haydee'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