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Marina

Update on Marina

Marina continues with her business of selling children's clothes such as polo shirts, sweaters, pants and thights, she also has a small restaurant where she makes lunch and dinner, through these two businesses she gets her children ahead, our associate wants to expand and improve both businesses. She requests a loan to buy pants, polo shirts, sweaters and wholesale ingredients to cook with such as rice, vegetables, chicken and meat

She is happy about the loan and is committed to making the necessary loan payments.
View original language description ↓
Marina se sigue dedicando al negocio de venta de ropa para niños como polos,chompas,pantalones y medias, y tambien la socia tiene un pequeño restuarnta donde prepara almuerzos y cenas,por medios de estos negocios la socia saca adelante a sus hijos,la socia quiere ampliar y mejorar el negocio de venta de ropa y mejorar el negocio de restaurant.La socia solicita el credito para comprar pantalones,polos y chompas y tambien para comprar productos para cocinar como arroz,verduras,pollos y carnes al por mayor.

La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Marina is 53 years old and married with three children. Two of her children still live with her and attend the National University of San Antonio Abad Cusco, while her other child lives outside of the house. Marina has a business selling children's clothes on the street. She sells clothes all ove... More from Marina'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
  • 96
    View loans »
    Peru Loans Fundraising
  • $56,037,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Marina to buy pants, polo shirts, sweaters and wholesale ingredients to cook with such as rice, vegetables, chicken and meat.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2011
Listed
Nov 24, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2012
This photo was used before for a previous loan for Marina. It was first posted on Kiva on Jul, 2011. Learn More