Update on LidaLida continues with her business, buying and selling vegetables. She has been doing this for several years and things have gone well, thanks to the hard work she puts in each day. She travels to different population centers to distribute her merchandise to customers who have made requests. In this way she gets her family ahead.
She will use the money from this loan to buy carrots, tomatoes, and other things for her business.
La socia solicita el credito para al compra de zanahorias,tomates entre otros para su negocio.
Previous Loan DetailsLida continues her business, buying and selling vegetables, tomatoes, onions, carrots, and cucumbers, among other vegetables. She takes them to different villages like Huaypetu, located in the jungle. She wants to continue prospering so that she can support her children, continue growing her bu... More from Lida'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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