Update on CarmelaCarmela is a member of Qorichuspas Communal Bank in the city of Cusco, Peru. Carmela's a versatile young mother who continues to make a living doing manicures and make-up, such as face painting for children's parties. She also makes the most of her time by selling clothing through direct customer request.
This time Carmela's requesting her loan to buy merchandise such as polo shirts, jackets, pants, shirts, etc. to sell this Christmas season.
Carmela's grateful to Kiva for allowing her to grow and expand in her new business activity, which represents another income and the possibility of offering her children a better quality of life and education.
Previous Loan DetailsCarmela belongs to the Qorichuspa communal bank. She lives in the Huanchac district in the Cusco province, Cusco department. Carmela continues to work as a confectioner. She decorates cakes with colored characters for different children’s parties when her services are requested. She has ha... More from Carmela'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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