Update on SoraydaThe member, Sorayda, belongs to the group “Virgen Asunta de Calca” in the province of Calca del Cusco, Perú. Sorayda has a veterinary supply store, in which she continues expanding her products to medicines, vaccines, fertilizers, manure, seeds and other agricultural products.
Sorayda is requesting this loan to buy the above mentioned products to capitalize on their trade. Sorayda is very grateful to Kiva for helping support her economic activity, which is the main income and livelihood of her family.
Previous Loan DetailsThis member continues to manage her business of selling medicines, vaccines, and antibiotics for animals. She previously owned a grocery store, but it did not do very well because the products she sold were too expensive. The member is an enterprising woman who would like to expand her business... More from Sorayda'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