Update on Lisbeth CarinaThis member is Sra. Lisbeth Carina. She belongs to the Communal Bank “Los Lideres” (The Leaders) in the city of Cusco, Peru. Lisbeth Carina continues her job as an elementary school teacher. Now the only difference was that she originally wanted to open a grocery store, but instead she has a restaurant that she established with great effort so that she could provide for the welfare of her entire family.
Lisbeth Carina is taking this opportunity to invest the loan she requested in the purchase of supplies such as potatoes, vegetables, rice, and other items for her restaurant. She is extremely grateful to Kiva for enabling her to improve her family’s quality of life and helping her to maintain and develop her business activities.
She appreciates the loan and promises to complete her payments according to schedule.
LA socia Lisbeth Carina está muy agradecida con KIVA por permitirle dar una mejor calidad de vida a su familia y ayudarla a mantener y desarrollarse en sus actividades económicas.
La socia Lisbeth Carina agradece el préstamo y se compromete a cumplir con el pago de sus cuotas de acuerdo al cronograma de pagos.
Previous Loan DetailsThis is Señora Lisbeth Carina. She is 22 years old, single and a member of the communal bank "Los Lideres" (The Leaders). It is located in the district of Cusco, in the province and department of Cusco. She works as a elementary school teacher. She wants to continue studying and improving edu... More from Lisbeth Carina'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
- Jul 13, 2012
- Jul 31, 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.