Update on DorisDoris belongs to the village bank "Los Hijos de Qolquewasi" in the city of Cusco, Peru. She continues selling diverse products in her bazaar, primarily baby clothes. She has worked in her business for some time and with it has raised and educated her only daughter, who is still in school and also accompanies her and helps her at work. On this occasion she will invest her loan to capitalize on her business and buy merchandise like baby clothes and some articles like costume jewelry and gifts. Doris wants to offer her daughter the best, which is the motivation for her life and her sacrifice, so that one day she can be a better person and a good professional.
Doris is grateful to Kiva for allowing her to take care of herself with her business, sustaining her home and giving her only daughter a good education.
Doris desea ofrecerle todo lo mejor a su hija, quien es el motivo de su vida y sacrificio, para que algún dia en el futuro pueda ser una persona de bien y una profesional de provecho.
Doris está muy agradecida con KIVA por permitirle mantenerse con su actividad, llevar el sustento a su casa y proporcionarle una buena educación a su única hija.
Previous Loan DetailsSra. Doris is a member of the Communal Bank “Los Hijos de Qolquewasi” (The Children of Qolquewasi), which is located in the District of Huanchac, Province and Department of Cusco. She is 50 years old, divorced, and has one child. Doris manages a small bazaar where she sells all types of prod... More from Doris'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