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Update on Maritza

Maritza is the member; she’s 50 years old, married and has three children. She’s still in business selling sweaters for children, men and women that she knits and she’s also a beer merchant. She sells independently and through these businesses is able to support her children. She wants to expand and improve the sweater and the beer sales so is asking for a loan to buy yarn, thread and knitting needles and also to buy beer at wholesale. She is satisfied with the granted loan and commits to make her payments according to the established timeline.
View original language description ↓
La socia es la Sra: Maritza; La socia tiene 50 años D. edad, es casada, y tiene 3 hijos, la socia se sigue dedicando al negocio D. venta D. chompas,ella teje chompas para niños,mujeres y varones,la socia tambien se dedica al negocio D. compra y venta D. cerveza,ella venD. en forma independiente,por medio D. estos negocios la socia saca adelante a sus hijos,la socia quiere ampliar y mejorar el negocio D. venta D. chompas y negocio D. venta D. cerveza . La socia solicita el préstamo para comprar lana,hilos y palitos D. tejer y tambien para comprar cerveza al por mayor.
La socia se encuentra satisfecha con el préstamo otorgado y se compromete a cumplir con el pago D. sus cuotas en el plazo establecido.

Previous Loan Details

The member belongs to the communal bank "Amauta" located in the district and province of Urubamba, department of Cusco. The member is Maritza, 50 years of age, married with three children (33, 30 and 14). She is retired and dedicates her time to making sweaters. She knits beautiful wool sweat... More from Maritza'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

  • $12,000
    Average annual income
  • 102
    View loans »
    Peru Loans Fundraising
  • $58,934,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Maritza to buy yarn, thread and knitting needles and also to buy beer at wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 14, 2011
Nov 19, 2011
Currency Exchange Loss:
Apr 15, 2012
This photo was used before for a previous loan for Maritza. It was first posted on Kiva on Mar, 2011. Learn More