Update on HildaHilda belongs to the communal bank “Señor de los Milagros de Chimpahuaylla” in the city of Cusco in Peru.
She is continuing in her business selling food in one of the local markets. She enjoys this activity, and business is good thanks to the efforts she makes every day. She is a hardworking and dedicated person and is able to provide a better life for her family because of these traits.
Hilda is seeking this loan in order to buy merchandise for her business such as rice and oil. She is grateful for this loan opportunity and promises to repay her loan according to the agreed-upon schedule.
La socia continua dedicandose a la venta de comida en uno de los mercados , 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 insumos para su negocio como arroz y aceite.
La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsThis group member is named Miss Hilda. She belongs to “The Master of Miracles of Chimpahuaylla” Community Bank in Cusco City, Peru. This member continues to sell food in one of the markets in her community. Hilda has been doing this for a long time and it is how she has helped all her children to… More from Hilda'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