Update on AugustaAugusta has a grocery business and has been doing this for several years. Things have gone well, thanks to the dedication she puts into her business each day. She sells different types of products such as rice, sugar, soft drinks, milk, cooking oil, and other things and is a responsible and hardworking person who gets her family ahead in this manner.
She is asking for this loan to buy soft drinks and sugar for her business.
La socia solicita el credito para la compra de gasosas y azucar para su negocio.
Previous Loan DetailsAugusta is continuing in her own business and managing her grocery store. She buys primary use products, like rice, sugar, milk, cooking oil, and noodles in bulk and wants to expand her business and increase her stock of bookstore items for the school year. She wants to invest the money from th... More from Augusta'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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