Update on LuzveñaLuzveña continues to work in her business raising and selling small animals, such as guinea pigs and chickens. She fattens them and makes them grow, and later she sells them in various markets. She has had this business for nine years and it is going very well. Her dream is to have a place where she can sell her guinea pigs and chickens. She has applied for a loan to buy guinea pigs and chickens.
Luzveña is satisfied with the fruits of her labor and sacrifice. She is grateful to Kiva for always helping her to strengthen her business activity and with her academic plans.
La socia está satisfecha con el fruto de su trabajo y sacrificio, y por ello agradece a KIVA que le ayuda siempre en el fortalecimiento de su actividad económica y con sus proyectos académicos.
Previous Loan DetailsThe borrower is Luzveña, and she belongs to the communal bank "Las Triunfadoras" in the Andahuaylillas district in the province of Quispicanchis Cusco-Perú. She is a hard-working and enterprising young woman, and continues to make a living growing and selling small animals, like guinea pigs and ... More from Luzveña'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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