Update on LibiaLibia is continuing her restaurant business. She has had her business for a good amount of time and it is going well due to the effort that she gives to her business every day. She continues to make breakfast, lunch, and dinner.
She belongs to the "Sol Naciente de Mojopata" Communal Bank. She requests the loan to purchase supplies like rice, oil, and other things.
She is grateful for the loan and values it, and promises to make her monthly payments in a responsible manner.
The community of Mojopata is located in the Challabamba district in the province of Paucartambo, Cusco, Perú.
La socia solicita el crédito para la compra de insumos como arroz, aceite entre otros.
Agradece y valora el préstamo y se compromete a cumplir con el pago de sus cuotas mensuales con mucha responsabilidad. (La comunidad Mojopata está ubicado en distrito de la Challabamba de la provincia de Paucartambo, Cusco, Perú).
Previous Loan DetailsLibia lives in the beautiful city of Challabama 15 minutes from the city of Paucartambo. She has a small restaurant in her home where she continues preparing breakfast, lunch and dinner. She continues as a member of the Sol Naciente de Mojopata Communal Bank and at this time needs a loan to… More from Libia's previous loan »
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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