Update on CristinaThe member belongs to the communal bank "Valle Sagrada de Calca" located in the district of Calca belonging to the Calca province and Cusco department.
The member is Ms. Cristina who continues with her business buying and selling soft drinks. The member has been in this line of a business for a good while and it's going well for her thanks to the effort she puts into her business every day. The member distributes her merchandise to her customers who request it such as grocery stories and beverage warehouse stores among others. At the same time the member continues to work on the teaching staff at a secondary school and in this way she supports her family.
The member is seeking the loan to purchase soft drinks wholesale for her business. She is happy to receive the loan and commits to making her payments.
La socia es la Sra. Cristina;la socia continua con su negocio de compra y venta de gaseosas,la socia lleva buen tiempo en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio ,la socia distribuye su mercaderia a sus clientes que mas le solicitan como tiendas de abarrotes,depositos de bebidas entre otros,la socia a la vez continua trabajando como docente del nivel secundario siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el credito para la compra de gaseosas al por mayor para su negocio.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsCristina belongs to the “Valle Sagrado de Calca” (Sacred Valley of Calca) communal bank, located in the Calca district of Calca province, in Cusco department. Cristina is 50 years old, married, and has 3 children. She operates her own business buying and selling soft drinks, which she distributes… More from Cristina'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 17, 2012
- Nov 18, 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.