Update on EstherThe borrower is a member of the communal bank "Union, Fuerza y Amistad" ("Unity, Strength and Friendship"). She continues with her business of selling clothes such as jackets, polo-shirts and sweaters amongst others. She has had this business for years and it is going well thanks to her daily hard work. The borrower sells her merchandise at Sunday fairs in one of the districts of Cusco. She appears in the photo with her granddaughter who she continiues to look after during the week as a way of supporting her daughter. The borrower is a responsible and hard-working person and in this way helps her family to get ahead.
The borrower is asking for a loan to buy merchandise such as trousers for her business. She is grateful for the loan and promises to make the repayments on time.
La socia solicita el crédito para la compra de mercadería como pantalones para su negocio.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsSra. Esther belongs to the Communal Bank “Union Fuerza Y Amistad” (Union, Strength, and Friendship), which is located in the district, province, and department of Cusco. She is 51 years old, married, and has two children. Esther has a business selling clothes for women, men, and children. S... More from Esther'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