Update on EdithEdith belongs to the communal bank "Richary Runa." This bank is located in the Cusco district, which is in the province and department of Cusco.
Edith is continuing with her business making tamales. She has spent years in this business, and it is going very well thanks to the daily effort she puts into her work. She sells tamales in one of Cusco's markets, and in the afternoons she sells at the entrance of a private institution. Edith is a responsible and hardworking person, and this activity enables her to provide for her family.
Edith is requesting a loan to buy supplies for her business, such as butter and corn, and to pay for some personal expenses.
Edith is happy to be getting this loan, and she promises to comply with the payment terms.
La socia es la Sra. Edith;la socia continua con su negocio de elaboracion de tamales,la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio ,la socia vende los tamales en uno de los mercados de la ciudad de Cusco y por las tardes vende en la puerta de una institucion privada,la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el préstamo para la compra de insumos para su negocio como manteca ,maiz y para algunos gastos personales.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota
Previous Loan DetailsThis borrower belongs to the Richary Runa Communal Bank, located in the district, province, and department of Cusco. Ms. Edith is 39 years old, separated, and has two children. She divides her time between her daily activities and a business selling tamales. She works every morning in the… More from Edith'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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Nov 15, 2012
- Dec 10, 2012
- Currency Exchange Loss:
- Apr 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.