Update on AngelicaThe member, Angelica, belongs to Manos Juntas Communal Bank in the city of Cusco, Peru. She's a mother who has three children. Angelica makes a living selling staple items in her grocery store, but to make the most of her business she's also a wholesale distributor of "mixtura," made primarily of confetti and streamers. This job represents her main income and support of her family.
Angelica's requesting the loan to buy confetti for the Christmas season and New Year celebrations.
Angelica's very happy, and she's grateful to Kiva for allowing her to support herself and grow in her business.
Angelica está muy feliz y agradecida con KIVA por permitirle mantenerse y desarrollarse en su actividad comercial.
Previous Loan DetailsAngelica is 50 years old. She is married, with two children. They live in the city of Cusco. She is a member of the “Manos Juntas” [Hands Together] communal bank of the Arariwa Association. Angelica balances her household duties with a business distributing “mixtura,” confetti in round and lo... More from Angelica'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