Update on IsabelIsabel belongs to the Communal Bank "Señor de los Milagros de Chimpahuaylla" in the city of Cusco, Perú.
Isabel continues to make a living raising cattle and attending to her restaurant. She sells typical meals and drinks including beer and soda, among other drinks. She is doing well with her business thanks to the perseverance that she puts into her business everyday. She is a responsible and driven person who is able to help her family get ahead.
This member is requesting a loan to buy beer for her restaurant. She is very grateful for Kiva for allowing her to give a greater quality of life to her family. She is committed to making the loan installments agreed upon.
La socia Isabel continua dedicandose a la ganaderia y a su negocio de picanteria,la socia vende comidas tipicas y diferentes bebidas como cerveza,gaseosas entre otros,la socia lleva buen tiempo en este negocio 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.
La socia solicita el credito para la compra de cerveza para su picanteria.
La socia está muy agradecida con KIVA por permitirle dar una mejor calidad de vida a su familia y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsOur member is Isabel from the “Señor de los Milagros de Chimpahuaylla” Communal Bank in Cusco, Perú. Our member still has a cattle business and runs her restaurant at the same time. She is the mother of a very large family and she sacrifices for them every day so each one of her children can have... More from Isabel'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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