Update on AngélicaThis member belongs to the Richary Runa Communal Bank. The bank is located in the district of Cuzco, belonging to Cuzco province in Cuzco department.
This member is Sra. Angélica. She continues with her business selling “lechón,” which is a dish made with pork. She has had this business for several years and has been doing well thanks to the effort she puts into her work every day. Angélica sells in one of the markets in the city of Cuzco. This is the way she has been able to help her family get ahead.
She is requesting a loan to purchase supplies for her business, such as pork, and to meet some personal expenses. She is happy about the loan and promises to make all of her payments on time.
La socia es la Sra. Angélica;la socia continua con su negocio de venta de lechon esto es un plato hecho a base de carne de chancho,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 en uno de los mercados de la ciudad de Cusco 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 carne de chancho 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, which is located in the district, province, and department of Cusco. Ms. Angélica is 40 years old, separated, and has three children. She divides her time between her daily activities and her business selling lechos (a pork-based… More from Angélica'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.