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Update on Maria

Maria is 32 years old and lives with her partner. Recently, she started a new job as a primary school teacher leading a third grade class. Previously, she worked for the Ministry of Health in Peru which administers social security services.

Maria has been investing in her house over the past year, using prior Kiva loans in order to add a new layer of paint, buy new furniture and appliances, and make general improvements to the aging interior. She is very proud of her home and continues to invest in her property.

Specifically, she would like to construct a studio in her home so that she and her partner can develop a business producing and selling melamine furniture (melamine is a plastic compound). With her loan, Maria plans to buy melamine for her furniture business, as well as home improvement materials such as iron, nails, tubes, cement and tiles.

Maria hopes to complete construction of the furniture studio soon so that she can launch the business, and little by little save enough money to buy a car.

Maria is a member of the village bank "Los Diamantes" in Cusco, which is receiving its 16th loan from Asociación Arariwa.

Previous Loan Details

Maria is 32 years old and lives with her partner. Her occupation is working for the Ministry of Health in Peru. She is asking for a $500 loan in order to make general improvements to her house. A majority of the interior of her house is very old. Therefore, Maria would like to purchase new furnit... 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Peru

  • $12,000
    Average annual income
  • 85
    View loans »
    Peru Loans Fundraising
  • $58,982,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Maria to buy melamine and home improvement materials such as iron, cement, and tiles.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Mar 21, 2012
Mar 27, 2012
Currency Exchange Loss:
Aug 15, 2012