Update on ElenaElena belongs to “Los Lideres” (The Leaders) communal bank in Cusco - Peru.
She is still working in a school in the city of Cusco. She has worked there for several years and it is gong well thanks to her daily efforts. She hopes to continue working there so she can keep supporting her family.
She is requesting this loan to pay for her children's studies.
She is very grateful to KIVA for allowing her to be able to keep paying for her children's education.
La socia sigue trabajando en una institucion educativa en la ciudad de Cusco,la socia lleva años en este trabajo el cual le va bien gracias al empeño que le pone cada dia a su trabajo,la socia desea poder seguir trabajando para de esta forma continua apoyando a su familia.
La socia solicita el credito para pagar los estudios de sus hijos.
La socia está muy agradecida con KIVA por permitirle continuar pagando la educación de sus hijos.
Previous Loan DetailsThe member is Ms. Elena, she is part of the "Los Lideres" bank in the city of Cusco, Perú. The member continues to teach in an educational institution in the city. Elena, like in the past, is requesting this loan to pay for her children's education who are school age. Elena is very grateful fo... More from Elena'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
- 6 months (Additional Information)
- Repayment Schedule
- Mar 12, 2013
- Apr 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.