Update on DomingaDominga is 58 years old. She is a widow but she has six children. She was born in the city of Urquillos in the province of Urubamba and lives in the same city where she was born. Her main economic activity is selling flowers and raising small animals such as guinea pigs and chickens. She has had this business for several years and it is going well for her thanks to the dedication she puts into her work. She belongs to the “Reyna de los Angeles” communal bank and at this time she needs the loan to buy flowers.
Previous Loan DetailsThis member is Señora Dominga, she belongs to the communal bank Reyna de los Angeles (Queen of the Angels) in the province of Urbamba in Cusco, Perú. The member continues making a living through the production and the wholesale of vegetables like legumes and garden vegetables, and she distribute... More from Dominga'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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