Update on AnonymousThis is a member of the communal bank "Los Angeles" located in the Huanchac district, province and department of Cusco. She continues with her business selling fruits. She has had the business a number of years and it is going well thanks to the hard work she puts in every day. She is an independent seller in one of the markets in Cusco, and in this way she makes headway for her family. She is requesting the loan to buy fruits like bananas and oranges, among others. She is grateful for the loan and promises to make her payments according to the established schedule.
La socia continua con su negocio de compra y venta de frutas,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 vende de forma independiente en uno de los mercados de la ciudad del Cusco, siendo de esta forma que la socia saca adelante a su famiia.
La socia solicita el credito para la compra de fruta para su negocio como platanos,naranjas entre otros.
La socia agradece el préstamo y se compromete a cumplir con el pago de sus cuotas de acuerdo al cronograma de pagos.
Previous Loan DetailsThis is a member of the communal bank "Los Angeles." This bank is located in the Huanchac district of the province and department of Cusco. This member is 43 years old, married, and has 3 children age 25, 19 and 10. She has a retail trade business buying and selling fruit. She works… More from Anonymous'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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Dec 11, 2012
- Feb 1, 2013
- Currency Exchange Loss:
- May 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.