Update on JovitaThe member Jovita continues to work in her business of buying and selling grains like wheat and corn, among others. At the same time she continues with her other hardware store business, which is doing well thanks to the work that she puts in every day. Jovita is a very responsible and hardworking person, and she hopes to be able to continue working in this way to support her family. She requests the loan to buy grains like barley, among others. She feels grateful for the loan being given to her, and she promises to make her monthly payments.
La socia solicita el crédito para la compra de granos como cebada entre otros.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir los pagos de su cuota.
Previous Loan DetailsJovita continues her business of buying and selling grains. She sells wheat, barley, and corn. She has been in this business for several years now and it is going well for her, as is her other business, a hardware store. Her dream is to have a physical store where she can sell grain. She reuq... More from Jovita's previous loan »
More information about this 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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