Update on SabinaSabina belongs to the communal bank San Martin de Zurite. The bank is located in the district of Zurite, province of Anta, department of Cusco. She continues working in her grocery store. She feels happy about the business because it allows her to support her family financially. She has spent a number of years in the business and continues selling vegetables and dry goods, and in this way she makes headway for her family. She is requesting the loan to purchase supplies like rice, sugar and milk for her store. She is happy about the loan and promises to make her payments on time.
La socia es la Sra. Sabina;la socia sigue con su negocio de tienda de abarrotes,la socia se siente feliz con su negocio ya que mediante este la socia puede apoyar economicamente a su familia,la socia lleva años en este negocio, a la vez la socia continua dedicandose al negocio de venta de verduras y productos secis,siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el credito para la compra de mercaderia como arroz,azucar y leche para su tienda de abarrotes.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsThe member belongs to the communal bank San Martin de Zurite. The bank is located in the district of Zurite, belonging to the province of Anta and the department of Cusco. The member’s name is Sabina. She continues working in her grocery store. She sells staples such as rice, sugar, milk, oil,… More from Sabina'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