Update on VictoriaVictoria belongs to the “Reyna de los Angeles” (Queen of Angels) communal bank. She is a native of Urubamba, is 51 years old, and has 4 children (Marlene, Edgar, Laura and Daniela). Victoria is a responsible mother who at each moment is searching for opportunities to advance, and through her daily efforts, to provide a better future for her children.
Victoria sells vegetables. She tells us that on Mondays, Wednesdays, and Saturdays she travels to the city of Cusco, transporting her products to sell in one of the city's markets. She has dedicated herself to this business for 32 years, and it has gone well, thanks to the effort she puts into the business.
Victoria needs the present loan for purchasing seeds to plant, including for example, flowers, cabbage, lettuce, pumpkins, etc. She is grateful for the opportunity offered through this medium and, at the same time, Victoria promises to comply with all scheduled payments.
Previous Loan DetailsVictoria is a member of the “Reyna de los Angeles” community bank in Urubamba province in Cusco – Peru. She works in the production and wholesaling of vegetables, such beans and greens, and distributes them to markets in the region. She also raises and sells small animals, like guinea pigs and he... More from Victoria'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