Update on MercedesMercedes belongs to the "COMUZONE I" communal bank. She is continuing with her hair cutting business. She does all different types of styles and cuts according to what the customer wants. She has been doing this business for a long time which provides her with both personal and economic satisfaction. She wants to continue to work in this way in order to support her family. She is requesting this loan to buy scissors, dryers amongst other things. Mercedes is grateful for the loan and promises to pay her installments on time.
La socia pertenece al banco comunal COMUZONE I, la socia sigue con su negocio de peluqueria,la socia elabora diferentes tipos de peinados o cortes de acuerdo al pedido de los clientes, la socia lleva buen tiempo dedicándose a este negocio el cual le trae 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 la compra de tijeras, secadoras entre otros.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsThe member belongs to the communal bank COMUZONE I. She continues to run her hairdressing business. She has been doing this for years and it has been going well thanks to the effort that she puts into her business every day. The member has a place where she offers her clients every type of... More from Mercedes'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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