Update on MarthaMartha belongs to communal bank 'Virgen Asunta de Calca', from Calca province in Cusco, Peru. She is a secondary school teacher who also sells crafts, mainly ceramics and woven cloth, at the artesans' fair of Pisac district, one of the main and most important such fairs in the country. She asks for this loan in order to buy crafts to sell, such as jumpers, scarves, ponchos, gloves, and ceramics, so as to increase the income she derives from her business. Martha is very grateful to Kiva lenders for their help with her business, which is her family's main source of income.
Previous Loan DetailsOn top of continuing teaching in a high school, Martha keeps on running her crafts sales activity, selling articles such as sweaters, polo shirts, hats and gloves. She has been engaged in this retailing activity for 6 years, and she dreams of expanding her craft selling activity. She is requestin... More from Martha'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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