Update on ValentinaValentina’s a member of the “Señor de los Milagros de Chimpahuaylla” communal bank in the city of Cusco, Peru. She continues in the grocery selling business. She sells various types of products like rice, sugar, milk and soft-drinks, among others. She’s been in this business for years and does well thanks to the effort she puts into it every day. She wants to be able to continue working to support her family this way. She requests the loan to buy soft-drinks for her business. Valentina is very grateful to KIVA for making it possible for her to provide better quality of life for her family and helping her to keep and develop her economic activities.
La socia continua dedicandose al negocio de tienda de abarrotes,la socia vende diferentes tipos de productos como arroz,azucar,leche,gaseosas entre otros,la socia lleva años en este 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 seguir apoyando a su familia.
La socia solicita el credito para la compra de gaseosas para su negocio.
Valentina está 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's name is Valentina. She belongs to the “Señor de los Milagros de Chimpahuaylla” communal bank in the city of Cuzco – Perú. She still is a merchant who sells basic neceesity products in her small grocery store. Valentina has done this activity for a while and with it she gets her two… More from Valentina'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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