Update on YaquelinYaquelin is 29 years old and is in a common-law marriage from which she has one child. She was born in the city of Urubamba in the province of Urubamba and she lives in the same city where she was born. Her principal economic activity is the sale of comestibles as she has a small store where she sells her products to different people. She has already dedicated several years to the business and it is going very well for her thanks to the great effort that she puts into her work. She belongs to the communal bank “Reyna de los Angeles” and on this occasion she is requesting the loan to purchase comestibles like noodles, milk, oil, rice and sugar.
Previous Loan DetailsThe member continues with her grocery store selling rice, sugar, milk and cookies. She works from 8am until 5pm and is able to support her children through this business. Her dream is to expand the grocery store. She’s asking for the loan to buy rice, sugar, milk, oil and cookies at wholesale.… More from Yaquelin'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