Update on CeliaThe member continues managing and improving her restaurant business. Little by little she will be able to make her business a reality. In her same place she will install an oven to make barbecued chicken, but for now she needs the loan to invest in buying products wholesale. Now that the products went up she wants to invest in buying bags of rice, cans of oil, vermicelli, bags of salt, and other products.
The member is requesting the loan to buy household necessity items to set up her store and to be able to make her homemade and additional meals.
She will continue working to realize her short-term projects.
Previous Loan DetailsCelia belongs to the “Los Diamantes” (Diamonds) community bank which is located in Cusco district, in the province and department of the same name. Celia is 56 years old. She is married and has 2 children. She divides her daily activities with her restaurant business. She serves in her rest... More from Celia'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