Update on Velia LilianaThis borrower belongs to the communal bank "ROSITA DE LOA ANGELES," which is located in the district of San Sebastián, in the province of Cusco, in the Cusco Department.
Velia is continuing with her business purchasing and selling construction materials. She sells her merchandise to the many customers who solicit her business. She has been in this business for a long time and it gives her both personal and financial satisfaction. She wants to be able to continue working so that she can continue supporting her family. She is requesting a loan to buy construction materials, including cement. Velia is grateful for the loan she has been granted and she promises to make the payment installations.
La socia Velia continua con su negocio de compra y venta de materiales de construcción, la socia vende su mercadería a sus distintos clientes que le solicitan, la socia lleva buen tiempo con su negocio el cual le tare 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 comprar materiales como cemento entre otros.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsShe is a member of the “ROSITA DE LOS ANGELES” communal bank, located in the San Sebastián district, within the Cusco province and department. Velia is 42 years old, married, and has two children. She buys and sells building materials such as cinder blocks, stones, cement, and other things. ... More from Velia Liliana'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
- Mar 21, 2014
- Apr 24, 2014
- Currency Exchange Loss:
- Aug 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.