Update on Irma IreneIrma is a member of the communal bank "CHASKA ÑAHUI". The bank is located in the district of Cusco, in the province of Cusco and department of Cusco.
Irma still has her business selling beauty products. She enjoys her business and it is going well thanks to the effort she puts into it every day. She is happy with her work as it brings her satisfaction on a personal as well as an economic level, since this is how she is able to bring up her family.
Irma is asking for a loan to pay for food and education for her children. She is happy to receive the loan and is committed to paying her instalments.
La socia Irma continua con su negocio de venta de productos de belleza, la socia lleva buen tiempo con su negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia se siente bien con su trabajo el cual le trae satisfacciones tanto económicas como personales, siendo de esta manera que la socia saca adelante a su familia.
La socia solicito el crédito para pagar la alimentacion de sus hijos y su educacion.
La socia Irma está feliz por el préstamo y se compromete a cumplir con los pagos.
Previous Loan DetailsIrma requests another loan for personal use, specifically for the nutrition and educational expenses of her children. The previous loan helped Irma with her small business selling beauty products. She obtained good profits which were invested in the family's expenses. Irma is happy for the loan a... More from Irma Irene'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