Update on Susana ZoilaSusana continues to work in her small grocery store; the member is doing very well and has increased the number of her customers. Susana hopes to use the loan once more to buy basic household goods that are used daily like rice, sugar, milk, spaghettis, oil and other items; she will use them to have more sales in her store.
La socia Susana, continua con el negocio de tienda de abarrotes, la socia esta muy bien y ha aumentado el numero de sus clientes, la socia desea invertir el prestamo en esta ocasion y como siempre en la compra de productos de primera necesidad que salen a diario como arroz, azúcar, leche, fideos, aceite, entre otros, la socia implementara su tienda para tener mas ventas.
Previous Loan DetailsSusana, 58, is a member of the “CAMINEMOS JUNTAS” (Let’s Walk Together) communal bank. She lives in Huanchac District, Cusco Province and Department. She is married and has three children who are 33, 29 and 26 years of age. She alternates her daily chores with running and tending to her groc... More from Susana Zoila'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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Jan 20, 2012
- Jan 30, 2012
- Currency Exchange Loss:
- Jun 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.