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Mery

Update on Mery

Mery belongs to the “Choquequirao” Communal Bank. She lives in Huanchac district in the province and department of Cusco.

Mery alternates her daily activities with her handicraft business. She has a stand in the village of Pisac, where she sells merchandise that includes ceramic works such as pots, ornaments, and chess sets. Her items are much in demand. Mery is very responsible and hard working, and has a strong desire to continue with her work so she can get ahead with her family.

Mery has asked for a loan to purchase merchandise for her business—specifically, chess sets—so she can offer her customers a greater selection.

Mery is very grateful for the loan that has been offered, since it will allow her to grow her business and improve her quality of life. She promises to make her payments on time and in accordance with the terms of the loan.
View original language description ↓
La socia pertenece al banco comunal “CHOQUEQUIRAO”; La socia vive en el distrito de Huanchac en la provincia y departamento de Cusco.

La socia es la Sra. Mery;la socia alterna sus actividades diarias con el negocio de compra y venta de artesania como trabajos en ceramica vasijas,adornos y juegos de ajedres, la socia tiene un stand en Pisac donde vende todos su mercaderia a las personas que le solicitan,la socia es una persona responsable y empeñosa con muchas ganas de seguir adelante siendo de esta manera que la socia saca asu familia adelante.

La socia solicito el prestamo para la compra de mercaderia para su negocio (juegos de ajedres)y de esta manera tener mas mercaderia que ofrecer a sus clientes.

La socia valora y agradece el crédito otorgado ya que este le permite crecer con su negocio y mejorar su calidad de vida, así mismo se compromete a cumplir con el pago de sus cuotas en el plazo estipulado.

Previous Loan Details

The partner belongs to the "Choquequirao" community bank; she lives in the district of Huanchac in the province and department of Cusco. The partner is Mrs Mery; she is 39 and married. Her husband is a teacher at the university. She has 2 children and is an artist. She has a stand in Pisac, a… More from Mery'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
  • 69
    View loans »
    Peru Loans Fundraising
  • $53,956,025
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Mery to purchase chess sets for her handicrafts business so she can offer her customers more products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2012
Listed
Mar 29, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012