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Luz Marina

Update on Luz Marina

Luz Marina continues her business, selling everyday products in her small grocery store. With the loan, the associate wants to stock her store with bags of rice, bags of sugar, milk, noodles, flour and eggs, among other products.
View original language description ↓
Luz Marina; Continua con su negocio y venta de productos de primera necesidad en su pequeña tienda de abarrotes. la socia desea implementar su tienda y comprar sacos de arroz, sacos de azúcar, leche, fideos, harinas, huevos entre otros productos..

Previous Loan Details

Luz Marina is 33 years old, lives with her common-law husband and has two children. She currently lives in the community of Compone, district of Anta, department of Cusco, Peru. Her community is located about 45 minutes from the city of Cusco, and the majority of its inhabitants make a living in… More from Luz Marina'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
  • 60
    View loans »
    Peru Loans Fundraising
  • $53,914,550
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Luz Marina buy bags of rice, bags of sugar, milk, noodles, flour and eggs, among other products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2012
Listed
Feb 26, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012