Update on Mirian GladisMirian is a member of the group “Virgen Asunta de Calca” in the province of Calca del Cusco, Perú. Mirian continues to dedicate all of her attention to her coffee shop in an educational institution in her community. Now she is making use of the presence of many youth, and is beginning to offer entertainment, such as raffles and renting games, like a Foosball table and darts.
Mirian is requesting a loan to buy stuffed animals and toys to give as prizes for games. Mirian is very grateful to Kiva for the growth in her new economic activity which represents growth in the livelihood of her home and family.
Previous Loan DetailsMirian was born in the city of Calca where she still lives. She is 47, married and has two children. She divides her time between taking care of her home and running a coffee shop at the university in Calca. Her work hours are from 7:00 a.m. to 3:00 p.m., Monday through Friday. She has been i... More from Mirian Gladis'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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