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Margot
Margot belongs to the community bank "Virgen Asunta". She lives in the district of Calca in the province of Urubamba in the region of Cusco. The city of Calca is one hour from the province of Cusco.

Margot is 42 years old, is in a common law marriage, and as three children -- two girls and a boy. The oldest studies at the high school level and the younger ones attend primary school. She has a small bakery that makes and distributes bread.

She balances running her household with the production and sale of bread. She distributes the bread very early in the morning to the other stores in the city with the help of an employee. She has been running this business for several years and it has been going very well thanks to all of the effort that she has put into her work.

Margot needs this loan to increase her business's capital. She wants to buy more ingredients like flour, oil, sugar, etc to make special Christmas breads.

She feels appreciative of the opportunity given through this lending service and commits to repaying the loan according to the timeline.
View original language description ↓
La socia MARGOT pertenece al banco comunal “VIRGEN ASUNTA, ella vive en el distrito de calca de la provincia de Urubamba del departamento del Cusco. La ciudad de Calca esta a una hora de la provincia de Cusco.

La socia tiene 42 años de edad, es conviviente, tiene tres hijos dos mujeres y un varón. El mayor estudia en un Instituto superior y los menores estudian en el colegio. Ella tiene un pequeño negocio de producción y distribución de panes (Panadería).

Ella alterna sus actividades del hogar con la elaboración de panes y venta de panes. Ella distribuye muy temprano en la mañana a las demás tiendas de la ciudad los panes con ayuda de un empleado. Ya tiene varios años con esta actividad y le ha ido muy bien gracias a todo el empeño que pone a su trabajo.

La socia requiere el préstamo para aumentar el capital del negocio de producción y venta de panes, ella quiere comprar más insumos como harina, aceite, azúcar, etc., Para producir panetones y panes especiales para esta navidad.

La socia se encuentra agradecido por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.

Additional Information

Important Information

About 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).

About Peru

  • $12,000
    Average annual income
  • 124
    View loans »
    Peru Loans Fundraising
  • $57,923,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Margot buy ingredients like flour, oil, sugar, etc for the production of different kinds of breads.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 10, 2009
Listed
Nov 21, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010