Update on JuanaJuana is a member of the “RICCHARY RUNA” communal bank located in the district, province, and department of Cusco.
She makes sweet and salty tamales and has been doing this for years. This business is going well for her, thanks to the effort she puts in each day. She sells the tamales in one of the markets in Cusco and gets her family ahead this way.
She is asking for this loan to buy supplies such as lard and corn among other things for her business.
She appreciates the loan and is committed to making her payments on schedule.
La socia continua con su negocio de elaboracion de tamales dulces y salados,la socia lleva años en este su 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 siendo de esta forma que la socia saca adelante a su familia.
La socia solicito el credito para la compra de insumos como manteca,maiz entre otros para su negocio.
La socia agradece el préstamo y se compromete a cumplir con el pago de sus cuotas en el tiempo establecido.
Previous Loan DetailsThis communal bank is called “Ricchary Runa”; they meet every month in the afternoon in the Huanchac district, in the Cusco province and department.
Our member is Juana; She is married and has 5 children. She is 57 years old and is a native of Cusco, from a traditional neighborhood. She works… More from Juana'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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