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Martha

Update on Martha

The member previously was in the business of raising small animals but it didn't go very well for her, so now she is in the business of livestock farming. She gets them to grow and fatten up and then sells them at the various markets in the district of Anta. By means of this business the member wishes to get her children ahead. The member is seeking the loan for the purchase of livestock and feed for the livestock.

The member is happy to receive the loan and commits to making her payments.
View original language description ↓
La socia anteriormente se dedicaba al negocio de crianza de animales pero no le fue muy bien,pero ahora se esta dedicando al negocio de ganaderia,ella los hace crecer y engordar y luego los vende en las diferentes ferias que existe en el distrito de Anta,por medio de este negocio la socia quiere sacar adelante a sus hijos.La socia solicita el préstamo para comprar ganados y comprar alimentos para los ganados.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

A native of Tambo Real (a community located in the Anta province, Cusco department), Martha is 34 years old, she is married and has two children. Martha currently lives in the same community where she was born, and here she engages in her economy activities. She breeds small animals such as “cuye... More from Martha'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
  • 114
    View loans »
    Peru Loans Fundraising
  • $55,266,250
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Martha to purchase livestock and feed for the livestock.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2012
Listed
Jan 27, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012
This photo was used before for a previous loan for Martha. It was first posted on Kiva on Jul, 2011. Learn More