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Maria

Update on Maria

Maria continues working at her business, selling dry goods and raising animals. She sells wheat, barley, and corn, and she also sells guinea pigs and chickens. Through these businesses, Maria helps her children to be successful. Her dream is to expand her dry good sales and animal raising businesses. She is requesting this loan to purchase wheat, corn, and barley and also to buy feed for the animals.

Maria is happy for the loan and promises to complete her payments.
View original language description ↓
La socia se sigue dedicando al negocio de venta de productos secos y crianza de animales,la socia vende trigo,cebada y maiz,y la socia tambien vende cuyes y gallinas,por medio de estos negocio la socia saca adelante a sus hijos,el sueño de la socia es ampliar los negocios de crianza de animales y negocio de venta de productos secos.La socia solicita el credito para comprar trigo,maiz y cebada y tambien para comprar alimentos para los animales.

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

Previous Loan Details

Maria belongs to the communal bank “Virgen del Carmen de Yuncaypata," which is located in the community of Yuncaypata, which is part of the Cusco province and department. Maria is 19 years old, lives with a partner, and has a 1 year-old son. She alternates her daily activities between 2 bus... More from 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
  • 121
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    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 to purchase wheat, corn, and barley, and also to buy feed for the animals.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2012
Listed
Mar 25, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012
This photo was used before for a previous loan for Maria. It was first posted on Kiva on Oct, 2010. Learn More