Update on MarleniThe member's name is Marleni, she belongs to the community bank "Savings are progress" in the district of Saylla in the city of Cusco, Peru.
The member continues to work in the convenience store business, she has been doing this for a good amount of time, and she does well thanks to the effort she puts in each day into the business, the member also continues with her restaurant business, she is happy because through her businesses she can continue to support her family.
The member is very grateful to KIVA for letting her provide a better quality of life to her family, a better education to her children and for helping her to growth and strengthen her activities.
La socia continua dedicandose a su negocio de tienda de abarrotes,la socia lleva buen tiempo en este su negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio ,la socia a la vez continua dedicandose a su negocio de restaurante,la socia se siente feliz ya que mediante sus negocios la socia puede continuar apoyando a su familia.
La socia solicita el credito para la compra de mercaderia como arroz,azucar para su negocio.
La socia está muy agradecida con KIVA por permitirle dar una mejor calidad de vida a su familia, una mejor educación a sus hijos y por ayudarla con el crecimiento y fortalecimiento de sus actividades.
Previous Loan DetailsMarleni is a member of “Ahorrro es progreso” (Saving is Progress), a Communal Bank of Saylla, a district of the town of Cusco, Peru. Marleni has two children who go to school; she is a young entrepreneur and she keeps on running her general store, which has notably grown; on top of this she now… More from Marleni'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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Jan 25, 2013
- Mar 1, 2013
- Currency Exchange Loss:
- Aug 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.