Update on GuadalupeThe borrower belongs to the "Comuzone 1" communal bank. She is continuing with her meat-selling business. She has been in this business for some time, and it is going well, thanks to the effort she puts into it each day.
She sells in one of the markets in the city of Cuzco, and works from 6:00am to 5:00pm approximately.
The borrower is a responsible and hard-working person, as this is how she is helping her family get ahead in life.
She is requesting the loan to buy beef for her business.
She feels grateful for the loan she has been granted, and promises to pay her scheduled installments.
La socia solicita el credito para la compra de carne de res para su negocio.
La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsGuadalupe was born in the city of Cusco and is 34 years of age. She lives in a common law marriage and has three children. Currently, Guadalupe lives in the city where she was born and where she works. She sells wholesale meat in one of the most visited markets in the city of Cusco. It ha... More from Guadalupe'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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