Update on MargaraMargara continues living in the city of Huancarani. She continues selling food as a street vendor. She also sells small animals, such as for example guinea pigs and pigs. She has had these businesses for several years and she has been doing very well thanks to the determination she puts into her work. At this time she needs a loan to purchase guinea pigs and pigs.
Margara continues as a member of the “Mamacha Rosario” communal bank in Asociación Araiwa and she is grateful for the opportunity provided her in this way. Thus she is committed to making her payments on time. Her dream is to expand her business and to have her own restaurant.
Margara continua en el banco comunal “Mamacha Rosario” de la Asociación Arariwa y se encuentra agradecida por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma. Su sueño es hacer crecer el negocio y tener su propio restaurante.
Previous Loan DetailsMargara was born in Paucartambo district in Paucartambo province, in the department of Cusco. She is 39 years old, married, and has 4 children. Margara lives in the city of Huancarani in Huancarani province, and this is also where she has her business. She sells food from a stand in the main p... More from Margara'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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