Carmen sells basic staples in her grocery store. She has been in business for several years and this is the main source of income for her family. Carmen is requesting a loan to buy goods such as rice, sugar, noodles, milk, beverages, etc. to stock her store.
Carmen se dedica al negocio de la venta de productos de primera necesidad en su tienda de abarrotes, actividad que viene realizando hace muchos años y que representa el principal ingreso económico y sustento de su familia Carmen solicita el préstamo para comprar mercadería como arroz, azúcar, fideos, leche, bebidas y otros.
Previous Loan Details
This member's name is Carmen and she belongs to the communal bank "LOS DIAMANTES" in the city of Cusco in Peru. She continues to sell basic staples in her grocery store. She has been in business for several years and this is the main source of income for her family.
Carmen is requesting a l...
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About 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.