Update on MarcelinaMarcelina belongs to Unión, Fuerza, Amistad Communal Bank. She continues with her business selling sweaters, jackets, and other clothing. She has been in this business for years and it's going well for her thanks to her daily effort. She travels to the province of Anta to sell her merchandise. She's a responsible and hardworking person, this being the way she gets her family ahead.
She's requesting the loan to buy clothing for her business, such as sweaters and jackets.
She's grateful for her loan and pledges to make her payments on time.
La socia solicita el crédito para la compra de ropa para su negocio como chompas y casacas para su negocio.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsMarcelina is 49 years old, has five children and lives in Cusco, Peru. Every Sunday she travels to the city of Anta where she sells clothing. She's been in this business for 10 years and it is going very well for her. She plans to use the loan to buy items such as sweaters, trousers, shirts and… More from Marcelina'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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