Update on LeonardaLeonarda thanks the lenders for the [previous] loan and for the support it provided, which helped her increase her business capital. She wishes to continue participating in the project because she is a responsible and hard working person. She is still working in agriculture; in fact, she is cultivating various plots of land where she plants plantains, pineapple, yucca, and corn in addition to other crops. She has been in this business for a number of years and she is doing quite well thanks to the determination she applies to her work.
Leonarda is a member of the communal bank "Tesoritos del Manu" and at this time she requires a loan to purchase seeds and fertilizers.
Leonarda es un miembro del banco comunal “Tesoritos del Manu” y en esta oportunidad requiere el préstamo para comprar semillas y fertilizantes.
Previous Loan DetailsLeonarda was born in the city of Yanatile (Calca, Cusco, Peru), but she lives in the city of Salvación. (The city of Salvación is located in the district of Manu in the province of Manu, in the department of Madre de Dios, Peru). Leonarda is 47 years old and is in a free union relationship fro... More from Leonarda's previous loan »
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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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