Update on JosefinaJosefina keeps on running her restaurant preparing breakfasts, lunches and dinners. She prepares dishes such as roasted chicken, stir-fried steak with potatoes and soups. She works form 8 am to 6 pm and she has been in this line of business for 5 years. She dreams of enlarging the restaurant, and she is requesting a loan to buy cooking ingredients such as chicken, meat and vegetables.
She is grateful for the support she is receiving and at the same time she commits to meticulously complying with the repayment of her dues.
La socia agradece el apoyo que se le otorgara y así mismo se compromete a cumplir de manera disciplinada con los pagos de las cuotas.
Previous Loan DetailsThis borrower, Josefina, continues to dedicate herself to her business selling beer. She has a depot where she sells the beer. At the same time, she is also continuing to operate her restaurant business, where she offers breakfast, lunch and dinner. She has operated her businesses for years now,… More from Josefina'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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