Maria Del Socorro
Update on Maria Del SocorroMaria is 58 years old and divides her time between a number of economic activities. She primarily runs a catering service from her house in which she prepares boxed lunches, meals and refreshments for events or institutional orders. For example, clients may request her service for a wedding, baptism, or party. Additionally, she spends some of her time working as an independent assessor for a cancer insurance provider, among other things. Maria has three children who are living independently and she is separated from her husband. As such, she has lately been very focused on her business endeavors.
Maria is requesting a loan in order to renew her kitchen equipment. The loan will help her purchase a blender, plates, and a new refrigerator. Maria’s dream is to open a large food preparation center outside of her house, but for this she needs more capital. Through the help of Arariwa, little by little, she is working her way toward fulfilling this ambition.
Maria is a member of the village bank "El Amanecer" in Cusco, which is receiving its 22nd loan from Asociación Arariwa.
Previous Loan DetailsThe member belongs to the communal bank ” EL AMANECER”. The bank is located in the district of Cusco, which belongs to the province of Cusco and the department of Cusco. The member is Mrs. María del Socorro. The member is 57 years old, divorced and has 3 children. The members offers a food and… More from Maria Del Socorro's previous loan »
Important InformationAbout 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.
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Success!! The loan was 100% repaid