Update on CirilaCirila continues to live in the city of Oropesa, province of Cuzco, Peru. She still has the business making bread and the business selling "chuta" bread. Cirila is an enterprising woman who is getting her family ahead. Cirila needs the loan to buy materials such as flour, yeast and many more.
Cirila belongs to the “RICCHARIY PURIRISUN” communal bank from the Asociación Arariwa. She is grateful for the opportunity offered in this way and she is also committed to making her payments on time.
Cirila pertenece al banco comunal “RICCHARIY PURIRISUN” de la Asociación Arariwa y se encuentra agradecida por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.
Previous Loan DetailsCirila is 50 years old and has six children, all of whom are independent. She lives in the city of Oropesa in Cusco Province, Peru. Cirila says that when she was a young girl, her parents taught her how to bake and now she has a business selling “Chuta” bread. Today she is independent and spen... More from Cirila'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