Update on Carolina EnriquetaShe continues in the grocery business. She sells basic staples like rice, sugar, milk and cookies. She works from 8am until 10pm. She’s been in this business for 8 years now and does very well. Her dream is to expand the grocery store business. She’s requesting the loan to buy rice, sugar, milk and cookies at wholesale. She values and is infinitely grateful for the loan she will be granted so that she will be able to improve her quality of life. She likewise commits to make her installment payments in the timeframe as scheduled.
La socia valora y agradece infinitamente el crédito que le otorgarán y de este modo podrá mejorar su calidad de vida, así mismo se compromete a cumplir con el pago de sus cuotas en el plazo estipulado.
Previous Loan DetailsCarolina, 58, is a member of the “CAMINEMOS JUNTAS” (Let’s Walk Together) communal bank. She lives in Huanchac District which is in Cusco Province and Department. She is married and has three children who are 33, 29 and 26 years of age. She alternates her household chores with tending to her... More from Carolina Enriqueta'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