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Marleny

Update on Marleny

The member continues with her work at a multi-service store. She maintains computers and also cleans offices and windows. She works from 8am to 5pm. Through her work she is able to help her children move forward. The member wants her son to finish his musical studies. She is requesting a loan in order to pay for her son’s monthly tuition at an academy where he is studying music.


The member is happy with the loan and promises to complete her payments.

View original language description ↓
La socia se sigue dedicando al trabajo en una tienda de multiservicios,ella hace mantenimientos de computadoras,limpieza de oficinas y tambien limpieza de vidrios,la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,por medio de este negocio la socia saca adelante a sus hijos,la socia quiere que su hijo termine de estudiar musica.La socia solicita el credito para pagar las mensualidades de la academia de su hijo que estudia musica.

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

Previous Loan Details

The communal bank "Vamos Juntas", meaning "Let's Go Together", meets every thirty days in the city of Cusco. It is a place known for being highly touristic and commercial and for the traditional feast of Inti Raymi. It is also here that we find "Machupicchu", one of the Seven Wonders of the World... More from Marleny'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
  • 118
    View loans »
    Peru Loans Fundraising
  • $55,267,550
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Marleny to pay the monthly tuition for her son's music studies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2011
Listed
Nov 26, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012
This photo was used before for a previous loan for Marleny. It was first posted on Kiva on Aug, 2011. Learn More