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Maria Mercedes

Update on Maria Mercedes

She continues working tending to and running her own grocery store. On this occasion, like previously, she wants to use the loan to buy basic staple goods like rice, sugar, noodles, milk, flour and oil, among others. Her dream is to see her family fulfilled and prosperous.
View original language description ↓
La socia continua con su trabajo y conla atencion y administracion de sus propia tienda de abarrotes; la socia desea en esta ocasión como en la anterior invertir el prestamo en la compra de productos de primera necesidad como arroz, azúcar, fideos, leche, harina, aceite entre otros. La socia tiene el sueño de ver a su familia realizada y prospera.

Previous Loan Details

Mercedes is 46 years old and lives in the city of Cusco, in Cusco department, Peru. After she has done her housework every day, Mercedes serves in her grocery store She opens her store at around 5.00am and closes at 10.00pm, every day. She opened her store 16 years ago and it has done very wel... More from Maria Mercedes'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
  • 99
    View loans »
    Peru Loans Fundraising
  • $55,041,650
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Maria Mercedes to buy stock merchandise for her grocery store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2012
Listed
Jan 28, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012
This photo was used before for a previous loan for Maria Mercedes. It was first posted on Kiva on Feb, 2011. Learn More