Update on Jenny JulietaJenny is a member of the communal bank “Senor de los Temblores II” in the city of Cusco, Peru.
She continues to sell food door-to-door. She enjoys her job, which is going well thanks to the effort that she puts into her work every day. Jenny is very responsible and ambitious. She hopes to continue working this way to support her family.
Jenny is requesting a loan to buy ingredients such as oil and rice, among other things. She is very thankful for the granted loan and promises to meet her established payments.
La socia sigue dedicándose a la venta de comida de forma ambulatoria,la socia lleva buen con su trabajo el cual le va bien gracias al empeño que le pone cada dia a su negocio, la socia es una persona responsable y empeñosa, la socia desea poder seguir trabajando para de esta forma sacar adelanté a su familia.
La socia solicita el crédito para la compra de insumos como aceite, arroz entre otros.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsJenny belongs to the Communal Bank, "Señor de los Temblores II", of the city of Cusco - Peru. The member is a young mother who is hardworking and versatile. She continues to sell food door to door and clothing, depending on the season. This time Jenny is requesting a loan to buy merchandise ... More from Jenny Julieta'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