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Rosa  Maria

Update on Rosa Maria

The associate used to run a hostal, but it didn’t go very well for her, so now she has a “chicharroneria” business. This is a restaurant where she sells “chicharron”, a dish made of fried pork rinds and fried potatoes. The associate works from 9am to 6pm. With this job, she is able to get ahead with her children. Her dream is to expand the restaurant. The associate is asking for the loan to buy wholesale pork and potatoes. The associate is happy about the loan and promises to pay her installments.
View original language description ↓
La socia anteriormente se estaba dedicando al negocio de hostal,pero no le fue muy bien ahora se esta dedicando al negocio de chicharoneria que es un restaurant donde venden chicharrones que es un plato base de chancho frito con papas fritas,la socia trabaja desde las 9:00 a.m hasta las 6:00 p.m,por medio este negocio saca adelante a sus hijos,el sueño de la socia es ampliar el local de chicharroneria.La socia solicita el préstamo para comprar carne de chancho y papas al por mayor.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Rosa María, 43, is a member of the ”AHORRO ES PROGRESO – SAYLLA” (Savings Mean Progress-Saylla) communal bank located in Saylla district, Cusco province, Cusco department. She is a widow and has two children. She has a boardinghouse. She’s been in this business a short time but is doing we... More from Rosa Maria'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
  • 130
    View loans »
    Peru Loans Fundraising
  • $58,907,975
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Rosa Maria buy wholesale pork and potatoes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 26, 2012
Jan 30, 2012
Currency Exchange Loss:
Aug 15, 2012
This photo was used before for a previous loan for Rosa Maria. It was first posted on Kiva on Feb, 2011. Learn More