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Magdalena
Magdalena is 45 years old and lives in the city of Cusco. She has been a member of Arariwa's “La Unión” community bank for a long time. Magdalena divides her time between her household duties and her small business. She has a small grocery store in her home where she sells products such as rice, sugar, noodles, oil and a lot more besides.

Magdalena will use her loan for 2,500 nuevos soles to increase her business capital. She also wants to buy candies, cookies, Christmas cakes, panettones and drinks etc. for the approaching Christmas holiday period.

She is thankful for the opportunity which she is being given with this loan and therefore pledges to make her repayments in a timely manner.
View original language description ↓
Magdalena tiene 45 años y vive en la ciudad del Cusco, ella desde hace mucho tiempo que participa en el banco comunal “La Unión” de la Unidad de Micro finanzas Arariwa. Magdalena alterna sus actividad del hogar con la pequeña negocio, ella tiene en su domicilio una pequeña tienda de abarrotes donde expende productos como por ejemplo arroz, azúcar, fideos, aceite y muchas cosas más.

Magdalena con su próximo préstamo que espera recibir de S/. 2500 nuevos soles, ella invertirá el dinero para aumentar el capital del negocio y desea comprar para esta época navideña que se está acercando dulces, galletas, pasteles navideños, panetones, bebidas, etc.

La socia se encuentra agradecida 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

  • $6,715
    Average annual income
  • 75
    View loans »
    Peru Loans Fundraising
  • $55,215,375
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Magdalena to buy candies, cookies, Christmas cakes, panettones, drinks, etc. for the approaching Christmas holiday period.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2010
Listed
Nov 3, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011