Update on RosarioRosario belongs to the "Patron de San Sebastian" Communal Bank in the city of Cusco.
She continues to dedicates herself to her business, selling snacks in one of the bus terminals in the city of Cusco. Rosario is a responsible and diligent person. She sells during the day to the customers who request her merchandise. She has spent years in this business and it brings her satisfaction, both economic and personal. This is how she advances her family.
Rosario is requesting a loan to purchase cookies, chewing gum, and chocolates, among other items.
Rosario feels grateful for the loan and she promises to comply with her schedule of payments.
La socia continua dedicándose al negocio de venta de golosinas en uno de los terminales terrestres de la ciudad del Cusco, la socia es una persona responsable y empeñosa, la socia vende durante el día a sus clientes que le solicitan su mercaderia, la socia lleva años dedicándose a este negocio el cual le trae satisfacciones tanto económicas como personales, siendo de esta manera que la socia saca adelante a su familia.
La socia solicita el préstamo para comprar galletas, chicles, chocolates entre otros.
La socia se siente agradecida por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsRosario belongs to the communal bank “Patrón de San Sebastián” from the city of Cusco. She was born in the city of Cusco and lives in that same city where she was born. She is 65 years old and married, and as a result of that relationship, she has 6 children. Her primary business activity is s... More from Rosario'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 20, 2014
- Mar 2, 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.