Update on TeresaTeresa belongs to the communal bank “Reynita de Belen Ccorao." The bank is located in the district of Ccorao, in the province and department of Cuzco.
She has an artisenal business and she also raises small animals as well as making and selling chicha (a beverage made from corn). She has been in business for years now, and everything goes well thanks to the hard work she puts in every day. She is a responsible and dedicated person, and this is how she is able to make a better life for her family.
She is asking for a credit in order to make chicha.
She is happy for the credit and she promises to be punctual in her repayments.
La socia es la Sra. Teresa;La socia continua con su negocio de venta de artesanía, crianza de animales menores y venta de chicha(bebida a base de maíz),la socia lleva años con sus negocios los cuales le va bien gracias al empeño que le pone cada dia a sus negocios,la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el credito para la compra de maiz para realizar la chicha.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsTeresa is a member of the "Reynita D. Belen Ccorao" community bank which is located in Ccorao district, in Cusco province, in Cusco department. Teresa is 56 years old, married, and has five children. She divides her time between her daily activities and her business selling handicrafts. She… More from Teresa'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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Jun 5, 2013
- Jul 6, 2013
- Currency Exchange Loss:
- Jan 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.