Update on IsabelThe member belongs to the "IMA SUMAC SUNCCO" community bank, which is located in the province and department of Cusco. This member is named Isabel. She continues to work in the purchase and sale of vegetables. She continues to sell them in one of the markets in the city of Cusco. She is a responsible and diligent person. She wishes to be able to continue working so that in this way she can continue to support her family. The member is seeking the loan in order to buy onions in bulk. She is happy about her loan and promises to meet her instalment payments.
La socia es la Sra. Isabel; la socia continua dedicándose a la compra y venta de verduras, la socia continua vendiendo en uno de los mercados de la ciudad del Cusco, la socia es una persona responsable y empeñosa, la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el préstamo para la compra de cebollas al por mayor.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota
Previous Loan DetailsThis woman is a member of the community bank “IMA SUMAC SUNCCO.” The bank is located in the province of Cusco and part of the department of Cusco. This member is named Isabel, and she is 45 years old, married, and has three children. She varies her daily activities working in a business buy... More from Isabel's previous loan »
More information about this 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 6, 2013
- Jul 7, 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.