Update on Cristina AliciaMeet Cristina, who belongs to the "Los Lideres" [the Leaders] communal bank in the city of Cusco, Perú. She still makes home and office furniture in her carpentry workshop. As in the past, she is seeking a loan to buy materials such as wood, paint, glue, and upholstery for making furniture. Cristina is really grateful to Kiva for making it possible to continue her business, which is her family's primary source of income and support.
Previous Loan DetailsCristina is a member of communal bank "Los Lideres" (The Leaders) located in Cusco, Peru. She continues to make a living in the creation and sale of home and office furniture. In this instance, Cristina will invest the loan to purchase material such as plywood to build furniture. Cristina ... More from Cristina Alicia'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