Update on Luz AuroraThe member is still devoted to the business of medical practice. She is a former nurse and works with her husband. The member works from 8:00 am to 6:00 pm. She wants to get ahead with this business. Her dream is to expand the practice business.
The member is requesting a loan to improve her practice by buying a desk and chairs. The member is happy with the loan and agrees to pay her installment payments.
La socia esta feliz con el credito y se compromete a pagar las cuotas.
Previous Loan DetailsLuz Aurora was born in the city of Cusco (Peru) and is 69 years old. Currently, Luz Aurora lives in the same town where she was born. Luz Aurora is a former nurse, and along with her husband has a doctor's office. She has been working in this business for 12 years now, and it is doing very… More from Luz Aurora'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