Update on MarcelinaThis communal bank member belongs to the communal bank "San Martin de Zurite," which is located in the town of Zurite, in the province of Anta and the department of Cusco.
Señora Marcellina continues working in agriculture and livestock-raising. She feels happy doing this work since it brings her economic as well as personal satisfaction. She raises cattle to later sell at the weekend fairs. This is how she supports her family economically.
She is applying for the loan to buy a young bull.
She is grateful for the loan offered and promises to complete the payment of her debts in a disciplined manner.
La Sra. Marcelina, sigue dedicandose a la agricultura y ganaderia,la socia se siente feliz realizando estas actividades ya que le trae satisfaciones tanto economicas como personales,la socia cria vacas para luego venderlas en las ferias de los fines de semana,siendo de esta forma que la socia apoya economicamente a su familia.
La socia solicita el credito para la compra de un torete.
La socia agradece el préstamo otorgado y se compromete a cumplir con el pago de sus deudas de forma disciplinada
Previous Loan DetailsThe member belongs to the communal bank "SAN MARTIN DE ZURITE", which is in the town of Zurite in Anta Province, in Cusco Department. Marcelina is still involved in farming and raising livestock, such as cows that she sells at the markets and to individual customers who place orders. She also... More from Marcelina'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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