Update on TeodoraTeodora continues to work in the business of making cakes. She makes cakes by order for different celebrations like weddings and celebrations for 15th birthdays, among others. She has been in this business for a good amount of time. It is going well for her thanks to the daily effort she puts into her business. She is a responsible and diligent person. That is because this is the way that she gets her family ahead.
She is requesting this loan to buy supplies such as flour, butter, sugar, and milk, among others. She is happy about the loan, and she is committed to making her payments.
La socia solicita el credito para la compra de insumos como harina,azucar,leche,mantequilla entre otros.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsTeodora continues to work in the preparation and sale of pastries, cookies and snacks, working to order. She has now been working in this business for 3 years. Before this, she had a restaurant but it wasn't very successful so she decided to cook pastries as she likes baking. In the future Teodora… More from Teodora'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