Update on AureliaAurelia still belongs to the communal bank “Virgen Concebida de Arin." The communal bank is located in the district of Arin, in the province of Calca and the department of Cusco
The member Aurelia is 36 years old and is living with her partner and has 2 children. Aurelia is still working taking care of her food stall where she makes the tasty “chicha de jora” [fermented drink made with yellow corn]. At this time Aurelia is asking for a loan in order to buy small animals and to buy yellow corn in order to make chicha de jora by pulverizing the corn.
Aurelia is thankful, and she promises to to make the payments as agreed.
La socia Aurelia, tiene 36 años de edad, es conviviente y tiene 2 hijos. La socia Aurelia se sigue dedicando a la atención de su picantería y donde elabora la rica chicha de jora. En esta oportunidad Aurelia desea el préstamo para invertir en la compra de animales menores y compra de maíz amarillo para la elaboración de chicha de jora que es el macerado del maíz.
La socia Aurelia agradece y se compromete a cumplir con los pagos en el plazo establecido.
Previous Loan DetailsThe member belongs to the "Virgen Concebida de Arin" communal bank. The bank is located in the Arin district, in the province of Calca, Cusco department. This is Mrs. Aurelia. She is 36, lives with her partner, and has two children. She tends to her food stall, where she makes delicious chicha... More from Aurelia'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
- 8 months (Additional Information)
- Repayment Schedule
- May 16, 2012
- May 30, 2012
- Currency Exchange Loss:
- Dec 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.