Update on Hilda LucianaLuciana is a member of the group “Señor de los Milagros de Chimpahuaylla” (Lord of Chimpahuaylla Miracles) in the city of Cusco, Perú.
The member continues to devote herself to the business of selling food in one of the markets. The member has a good time in her business, which is doing well thanks to the commitment she puts in each day. The member wants to be able to continue working to be able to continue supporting her family.
The member is requesting this loan to buy supplies for her business like rice, oil and beans.
Luciana is very happy and grateful to Kiva for allowing her to give a better quality of life to her family and to help maintain and develop her economic activities.
La socia continua dedicandose al negocio de venta de comida en uno de los mercados,la socia lleva buen tiempo en este su negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio ,la socia desea poder seguir trabajando para de esta forma poder seguir apoyando a su familia.
La socia solicita el credito para la compra de insumos para su negocio como arroz,aceite y menestras.
Luciana está muy feliz y agradecida con KIVA por permitirle dar una mejor calidad de vida a su familia y ayudarla a mantener y desarrollarse en sus actividades económicas.
Previous Loan DetailsThis member is named Mrs. Luciana. She belongs to “The Master of Miracles of Chimpahuaylla” Community Bank in Cusco City, Peru. She continues with her business of selling food in the markets of her community. She has been doing this activity for a long time. She has used the proceeds from her… More from Hilda Luciana'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