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Marilu

Update on Marilu

The member continues managing her building materials and supplies business. She buys concrete, cement and sand at wholesale and she wants to equip her business and also to buy cement, bricks and sand. On this occasion she wants to invest in the purchase of these materials.
View original language description ↓
La socia continua administrando su negocio de venta de materiales de construccion, ella compra ormigon, cemento, arena al por mayor y desea implementar su negocio y tambien comprar cemento, ladrilos, arena en esta ocasion la socia desea invertir en la compra de estos materiales.

Previous Loan Details

Marilu was born in the city of Cusco, Peru, and she is 38 years old. Now Marilu lives in the same city where she was born, along with her two children. Marilu has a business selling construction materials, such as: cement, bricks, sand, reeds, cement and plaster. She has had this business for 7… More from Marilu's previous loan »

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).

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.

About Peru

  • $6,715
    Average annual income
  • 54
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Marilu to equip her business and also to buy cement, bricks and sand.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2011
Listed
Nov 9, 2011
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2012
This photo was used before for a previous loan for Marilu. It was first posted on Kiva on Jul, 2011. Learn More