Update on VictoriaVictoria makes her living selling vegetables, like onions, potatoes, tomatoes, celery, carrots, corn and other items. She has belonged to the communal bank called "Cusco" for several years. At this time, she needs the loan to purchase more vegetables, like potatoes and onions.
Victoria is happy about the loan and she promises to be responsible and punctual in repaying her loan. She is grateful to all the investors for the loan, and she hopes that they keep helping with the other projects.
Victoria se siente contenta por el préstamo y se compromete a pagar las cuotas puntuales y con mucha responsabilidad. Agradece a todos los inversionistas por el préstamo y desea que sigan apoyando a los demás proyectos.
Previous Loan DetailsVictoria lives in the city of Cusco, which is located in southern Peru. She is an enterprising woman who is able to move her family forward because of the effort and dedication to her work. Her primary business is selling vegetables such as onions, potatoes, tomatoes, celery, carrots, corn, and… More from Victoria'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