Update on PascualaPascuala is a housewife, a farmer, and raises livestock. She asks for this loan to buy a young bull that she will fatten and ultimately sell for a profit at the market. Pascuala thanks lenders for the loan and is happy at the idea of receiving such support. She wants to continue her connection to the project because it allows her to build working capital and also because she is motivated to keep working in agriculture.
Pascuala agradece a los inversionistas por el préstamo y se siente contenta por el apoyo brindado, ella quiere continuar participando en este proyecto porque le ayuda a incrementar el capital del negocio y también se siente motivada para continuar trabajando en su negocio.
Previous Loan DetailsPascuala wants you to know that she has made a success of your past loans and is grateful for this one. She wants to continue her connection to the project because it has allowed her to build the working capital she's needed to establish her business. Furthermore, your support for the project i... More from Pascuala's previous loan »
More information about this 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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