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Maria Elena

Update on Maria Elena

Maria Elena sells umbrellas and folding stools. She also sells beauty products, such as perfumes, lipsticks, creams and other items. By means of this business, she is raising her children.

Her dream is to have her own shop where she can sell her products. She is applying for the loan in order to buy umbrellas and folding stools, and also to buy beauty products, such as creams, perfumes, and lipsticks at wholesale.

She is happy about the loan, and promises to make her instalment payments.
View original language description ↓
La socia Maria Elena se sigue dedicando al negocio de venta de sombrillas y banquitos,la socia tambien se dedica al negocio de venta de productos de belleza como perfumes,lapiz labiales,cremas entre otros productos de belleza,la socia por medio de este negocio la socia saca adelante a sus hijos,el sueño de la socia es tener un local donde pueda vender los productos. La socia solicita el credito para comprar sombrillas y banquitos y tambien apara comprar productos de belleza como cremas,perfumes y lapiz labiales al por mayor.

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

Previous Loan Details

María Elena was born in Cusco Department in the south of Perú. At present, María Elena is 46 years old. She’s in a common law relationship and has two children. María Elena sells folding stools and umbrellas based on prior customer orders. She’s been in business for the last 8 years bringing ... More from Maria Elena'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
  • 123
    View loans »
    Peru Loans Fundraising
  • $60,151,175
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Maria Elena to buy umbrellas and folding stools, as well as beauty products such as creams, perfumes, and lipsticks at wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 19, 2011
Dec 20, 2011
Currency Exchange Loss:
May 15, 2012
This photo was used before for a previous loan for Maria Elena. It was first posted on Kiva on Sep, 2011. Learn More