Update on GregoriaThe member is in her business making ‘chicha de jora’ [drink made from fermented corn] and selling beer. She has a small, home-based store where she sells these products. She makes the chicha from a yellow corn base herself. She also has a small field growing corn and she also raises small farm animals like guinea pigs and chickens. She wants to continue growing and expanding her locale still more to be able to tend to more customers and needs the loan to buy yellow corn to make the chicha de jora and to buy beer.
Previous Loan DetailsGregoria was born in the Vilcabamba district of Caicay in the Paucartambo province, Cusco department. She is 47 years old and has four children. She lives in the Vilcabamba community. Vilcabamba is known for its beautiful scenery, its livestock, and its farming. This community is located 35 m... More from Gregoria'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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