Update on MariaThe Community Bank “Amistad Cusqueña” meets on the thirtieth of each month in the city of Cusco. (Cusco is known for being a tourist and commercial city because of its traditional Inti Raymi festival and because "Macchu Picchu," one of the seven wonders of the world, is located here.)
Maria was born in the city of Cusco. She is 41 years old and is both father and mother to her two children. Her primary economic activity is selling interior clothing, such as socks, bras, boxers, underwear, and others. At this time, she is requesting the loan in order to buy merchandise, such as socks. She is very happy for the loan and is committed to paying her installments on time. She is very thankful for the help offered.
La socia María nació en la ciudad del Cusco, tiene 41 años de edad y es padre y madre para sus dos hijos. Su actividad económica principal es vender ropa interior como calcetines, sostenes, calzoncillos, calzones y otras cosas más. En esta oportunidad requiere el préstamo para comprar mercadería como calcetines. Se encuentra contenta por el préstamo pues se compromete a pagar sus cuotas puntualmente y agradece por la ayuda brindada.
Previous Loan DetailsMaria has been selling women’s lingerie in a local market for six years. She is 40 years old and lives with her partner and two children. A loan will help her purchase more merchandise such as socks, underwear, and bras from wholesalers in Lima and Juliaca, a town near the border with Bolivia.… More from Maria'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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