Update on Juana YovanaThe borrower is Juana, who belongs to the “Los Lideres” communal bank in the city of Cusco - Peru. She is still in her business of buying and selling home and office furniture.
As on previous occasions, Juana is requesting the loan in order to buy merchandise such home and office furniture, and to capitalize her business for the upcoming Christmas sales season.
Juana is very grateful to Kiva for allowing her to continue with her livelihood, which represents her main source of income and is how she supports her family.
Previous Loan DetailsThis is our member, Juana. She belongs to the Los Lideres Communal Bank from the city of Cusco, Peru. Our member is still selling furniture for a living. She buys and sells home and office furniture. This time, Juana will use the requested loan to buy comfortable, modular home furniture.… More from Juana Yovana'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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