Update on CeliaCelia belongs to the communal bank “Los Diamantes” from the city of Cusco, Peru. She continues to make a living through food and drink sales in her restaurant, a business with which she has been able to consolidate her activity.
Celia on this as on previous occasions is requesting the loan to buy supplies such as meat, rice, beans, vegetables, etc., for the preparations of her food. For all of this, Celia is very thankful to Kiva for the support that it provides her and for helping her in maintaining her activity, which represents the principal economic income and means of support of her family.
Celia en esta como en anteriores oportunidades está solicitando el préstamo para comprar insumos como carne, arroz, menestras verduras etc. para la elaboración de sus alimentos, y por todo ello, Celia está muy agradecida con KIVA por el apoyo que le proporciona y por ayudarla en el mantenimiento de su u actividad, la cual representa el principal ingreso económico y sustento de su familia.
Previous Loan DetailsThe member belongs to Los Diamantes Communal Bank. The member continues dedicating herself to the restaurant business. The member has spent some time in this business which is going well thanks to the hard work she puts into the business. The member offers lunch every day and at the same time th... More from Celia'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