Update on FridaFrida continues to work in her business selling chicharrones (pork rind). She has been in this business for several years, and it is going well thanks to the effort that she puts into her work every day.
She works in her business every day during the day. She is a responsible and persevering woman, which allows her to provide for her family.
She has applied for a loan to buy goods such as meat and oil, among others, for her business.
She is happy about receiving this loan and she is committed to complying with the payment of her fees.
La socia solicita el credito para la compra de insumos como carne,aceite entre otros para su negocio.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsThe borrower is still working in her business selling chicharrones, which is a dish made from pork and fried potatoes. By means of this business, she is raising her children. Her dream is to expand her chicharroneria. She is applying for the loan in order to buy chairs and tables. The borrowe... More from Frida'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