Update on RocioRocío was born in the city of Salvación and still lives there. (The city of Salvación is located in Manu District in Manu Province within Madre de Dios Department, Peru).
Rocío, 36, is in a common law relationship and has a son. Her main economic activity is crafts making. She has a small workshop at home where she makes and sells them. She’s been in this business for three years now and does very well thanks to the effort she puts into her work. She’s an enterprising, hardworking woman who moves her family forward because she belongs to the “Del Futuro del Manu” (Manu’s Future) communal bank.
On this occasion, she needs the loan to buy work supplies like dry seeds, for example, to manufacture necklaces and bracelets. She is grateful for and values the loan and commits to make her monthly installment payments.
Rocio tiene 36 años de edad y tiene una relación de unión libre de la cual tiene un hijo. Su actividad económica principal es la elaboración de artesanía, ella tiene un pequeño taller en su domicilio donde elabora y vende. Ya son tres años que se dedica a este negocio y le va muy bien gracias al empeño que pone en su trabajo. Ella es una mujer emprendedora y trabajadora que saca adelante a su familia pues ella pertenece al banco comunal “Del Futuro del Manu”. En esta oportunidad requiere el préstamo para comprar materiales de trabajo como por ejemplo semillas secas para elaborar collares y pulseras. Agradece y valora el préstamo y se compromete a cumplir con el pago de sus cuotas mensuales.
Previous Loan DetailsRocio belongs to the “Del Futuro del Manu” (Of the Future of Manu) communal bank and the members meet every 30 days in the city of Salvacion, Manu province, Madre de Dios department. Rocio is 34 years old, is in a common law relationship, and has one son. She was born in the city of Salvacion… More from Rocio's previous loan »
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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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