Update on Lisbeth CarinaLisbeth is a member of the community bank, "The Leaders," which is located in the city of Cuzco, Peru. Lizbeth continues her work as an elementary school teacher at a public school in Cuzco, and also operates a general store on the side. She believes business is going well at her store because she is extremely dedicated to her work and to her clients' needs. She plans to continue working both of her jobs, as they help her to support her family.
Lisbeth is requesting this loan in order to purchase merchandise to stock her general store, including rice, sugar and many other products for resale. She is very grateful to Kiva for this opportunity to continue working and providing for her family.
La socia sigue trabajando como docente del nivel primario en uno de los colegios de Cusco a la vez la socia continua con su negocio de tienda de abarrotes,la socia lleva buen tiempo con su negocio el cual le va bien graciasd al empeño que le pone cada dia a su negocio,la socia desea poder seguir trabajando para de esta forma poder seguir apoyando a su familia.
La socia solicita el credito para la compra de mercaderia como arroz,azucar entre otros.
La socia está muy agradecida con KIVA por permitirle continuar con sus actividades económica las cuales representan el principal ingreso económico y sustento de su familia.
Previous Loan DetailsThe member is Lisbeth, who belongs to the Bank "Los Lideres" of the city of Cusco, Peru. She is continuing with her work as a primary school teacher and also in her grocery store selling convenience store products, and now in her new restaurant where she sells food and drinks. As on previous… More from Lisbeth Carina'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.