Update on CatalinaThis member's name is Catalina. She belongs to the “Las Triunfadoras” communal bank from the district of Andahuaylillas, province of Quispicanchis from Cuzco – Peru.
She continues to work selling food as a street vendor. She has had her business for years and it is going well for her thanks to the hard work she puts into her business every day. Catalina wants to keep keep working this way to keep supporting her family. She is asking for the loan to buy ingredients such as rice, oil and more.
Catalina is very grateful to KIVA for allowing her to continue in her economic activity and with this work to support her home.
La socia sigue dedicandose al negocio de venta de comida de forma ambulatoria.La socia lleva años con su negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,la socia Catalina desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el credito para la compra de insumos como arroz,aceite entre otros.
La socia Catalina está muy agradecida con KIVA por permitirle continuar en su actividad económica y con este trabajo llevar el sustento a su hogar.
Previous Loan DetailsCatalina is a member of the “Las Triunfadoras” (The Victorious Ones) communal bank in Andahuaylillas District, Quispicanchis Province in Cusco, Peru. She continues with her business selling food from place to place. On this occasion, Catalina needs the loan to buy ingredients like rice,… More from Catalina'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