Update on VictoriaVictoria feels happy to be getting this support, because it will help her a lot with her business, which is doing very well. Victoria continues to live with her family in the city of Challabamba, and she continues to make textiles from different types of wool. For example, she makes woolen caps, blankets, scarves, and other items.
Victoria still belongs to the communal bank “Sol Naciente de Mojopata," and at this time, she needs a loan to buy materials for her work such as alpaca and sheep's wool. She appreciates and values this loan, and promises to be responsible with her monthly payments.
(The community of Mojopata is located in Challabamba district in the province of Paucartambo in Cusco, Peru)
Previous Loan DetailsVictoria is 34-years old and lives with her family in Challabamba. She is a determined, enterprising and hard-working woman who earns her living making textiles from different types of wool. She makes, for example woolen hats, blankets, scarves and other items. She belongs to the communal bank... More from Victoria'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