Update on LucilaThe member is Lucila. The member continues to make a living from livestock farming, she has spent years in this business which is doing well thanks to her commitment.
The partner has dairy cows which she breeds and sells during the saturday´s fairs. She also sells cheese and milk. At the same time, she continues to make a living from agriculture; sowing potato and corn among others. The partner is a responsible person and tenacious, which has allowed her family to get ahead.
The partner asks for the loan to purchase food for the animal, such as hay. The partner is grateful for the credit and promises to pay the loan payments in the established deadline.
La socia solicita el préstamo para la compra de alimentos para sus animales como forraje.
La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas en el plazo establecido.
Previous Loan DetailsLucila is a member of the "Mujeres en Acción" community bank which is located in Compone district, in Anta province, in Cusco department. Lucila is 35 years old, married, and has three children aged 18, 17 and 8. Her business is selling products retail. She sells fresh milk and also cheese f... More from Lucila'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