Update on LuciaLucia continues to be a member in the community bank Santa Rosita of Lima. She's still running her business selling goods for the bedroom such as sheets, pillowcases, quilts, bedspreads and more. She is responsible and enterprising, and her business is how she gets her family ahead. She has years of experience at this line of work, and she finds it brings her personal as well as economic satisfaction. She hopes to continue working this way so that she can continue to support her family. The loan she is currently requesting will be used to buy sheets and other things. Lucia is grateful for the loan, and she is committed to meeting the agreed upon payment schedule.
La socia continua con el negocio de venta de productos de dormitorios como sábanas, fundas de almohadas, edredones, colchas entre otros, la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia, la socia lleva años dedicándose a este 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 sabanas entre otros.
La socia Lucia agradece el préstamo otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsLucia is continuing in the Santa Rosita de Lima communal bank and with her business selling products for the bedroom such as sheets, pillowcases, etc. She has dedicated herself to this business for several years, and it is going very well for her. She will use her loan to buy more products to sell,… More from Lucia'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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Feb 18, 2014
- Feb 25, 2014
- Currency Exchange Loss:
- Jul 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.