Update on Luz MarinaLuz Marina belongs to Asociación Arariwa’s “Ricchary Runa” communal in the city of Cusco. She continues working giving massages in a private firm; she does so independently. She’s been in this business for years and does well thanks to the effort she puts into it daily. She’s a responsible, enterprising person who supports her family this way. Luz Marina needs the loan to buy food for her home and for some personal expenses. She feels grateful and commits to make her payments as scheduled.
La socia continua dedicándose hacer masajes en una institución privada de la misma forma lo realiza de forma particular,la socia lleva años realizando esta actividad el cual le va bien gracias al empeño que le pone cada dia a su negocio,la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia.
Luz Marina requiere el préstamo para la compra vivieres para su hogar y para algunos gastos personales.
La socia se siente agradecida y se compromete a cumplir con el pago correspondiente al cronograma.
Previous Loan DetailsLuz Marina continues to participate in the "Ricchary Runa" communal bank in the city of Cusco. Currently, Luz Marina continues to do massages in a private facility, and also does it on her own. She has been in this business for several years, and it is going very well. Luz Marina pays her… More from Luz Marina'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