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Margarita is 47 years old and married with four children. She has a small stand in the local market in her town where she sells bread every day of the week. She bakes all of her own bread fresh daily and is especially known for her sweet bread. She is asking for a $1,200 loan in order to build a new oven in the kitchen of her house. Currently, she must rent an oven outside of her house to make bread and a new oven will save her time and money in the long run. Specifically, she will buy cement, wood, and other materials to build her oven. Margarita is committed to making the necessary loan payments on time.

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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
  • 115
    View loans »
    Peru Loans Fundraising
  • $60,091,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Margarita to buy cement, wood, and other materials to build a large oven in her house.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jul 27, 2011
Aug 6, 2011
Currency Exchange Loss:
Dec 15, 2011