Update on Noemi LuzNoemi is part of the San Rafael village bank. She continues running her hardware store, a business that she has had for some years. It's going well thanks to her dedication. Her business is located in her home and she works during the day from Monday to Saturday. She sells paints, cement and other things. She is responsible and dedicated because this is how she gets her family ahead.
She asks for a loan to buy merchandise like cement and tools. She is grateful for the loan and promises to make the established payments.
La socia solicita el credito para la compra de mercaderia como cemento y herramientas.
La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsNoemi Luz is a member of the "SAN RAFAEL” community bank which is located in Huanchac district, in Cusco province, in Cusco department. She is 51 years old, married, and has four children. Two of her children are grown up and live independently. The other two are 16 and 15 and she still suppor... More from Noemi Luz'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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