Update on LizbethLizbeth belongs to the communal bank “Todos Unidos” ["Everyone United"]. This member continues to dedicate herself to selling auto parts. She has a small shop in the city center, where she sells her merchandise to her customers who order it. She works together with her husband. She has spent quite a lot of time working in this business, which is going well for her thanks to the dedication she puts into it every day. She would like to continue working in order to keep supporting her family.
She is requesting the loan to buy spark plugs, headlights and other merchandise for her business. She feels grateful for the loan provided to her, and she is committed to fulfilling her payment schedule.
La socias solicito el crédito para la compra de bujias, faros entre otros para su negocio.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con el pago de sus cuotas.
Previous Loan DetailsEvery thirty days, the members of the "Todos Unidos" (Everyone United) community bank meet in Asociación Arariwa's central office, in the city of Cusco, in Cusco department, Peru. For many years this area has been known as the "Archaeological Capital of America". Here we meet Lizbeth who is a... More from Lizbeth'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