Update on Maria ElenaMaria Elena continues her milk sales business, and has been working in this field for several years now. She believes that business is going well thanks to the high level of effort she puts into her work each and every day. She makes a living raising dairy cows and selling both cows and milk in local fairs and markets.
Maria Elena is a responsible, sincere woman who works very hard to provide for her family. She is requesting this loan in order to purchase feed for her cows. She is grateful for this opportunity, and promises to complete all scheduled payments on time.
La socia solicita el credito para la compra de alimento para sus vacas.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsShe continues working in her business buying and selling milk. She extracts milk from the cows she rises and then sells it in various street fairs and markets. She works from 7am until 5pm and has been in this business for six years. Her dream is to expand the milk selling business and she’d… More from Maria Elena'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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