Update on MarleniMarleni belongs to the "Señor de los Milagros de Chimpahuaylla" communal bank in the city of Cusco, Peru. She continues to work in her grocery store selling different types of products such as rice,sugar, milk, etc. She has been in business for quite some time and it has given her both economic and personal satisfaction. Marleni wants to continue working to support her family.
She is seeking this loan to purchase merchandise such as rice, sugar and other items. Marleni is very grateful for KIVA for allowing her to give her family a better quality of life and helping her to maintain and develop her business.
La socia continúa con su negocio de tienda de abarrotes, la socia vende diferentes tipos de productos como arroz, azucar, leche entre otros, la socia lleva buen tiempo con su negocio el cual le trae satisfacciones tanto económicas como personales, la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el crédito para la compra de mercadería como arroz, azúcar entre otros.
La socia se siente agradecida con KIVA por permitirle dar una mejor calidad de vida a su familia y ayudarla a mantener y desarrollarse en sus actividades económicas.
Previous Loan DetailsMarleni belongs to the "Señor de los Milagros de Chimpahuaylla" communal bank in the city of Cusco, Peru. She continues to work in her grocery store, which she has had for years and brings her much satisfaction both financially and personally. She sells different types of products such as rice,... More from Marleni'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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