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Luz Marina

Update on Luz Marina

This member still belongs to the communal bank Mujeres Unidas, which is located within the district of San Sebastián, in the province of Cusco and the departament of Cusco.

She still works with tourists who stay at her home, and her previous loan worked out very well for her, which is why this time she is requesting the loan to perform maintenance and improvements on her house. That is, she is going to purchase doors.

Member Luz appreciates and values the loan granted through this resource, and she is also committed to paying her installments as scheduled.
View original language description ↓
La socia sigue perteneciendo al banco comunal “MUJERES UNIDAS” y el banco comunal está ubicado en el distrito de San Sebastián de la provincia de Cusco y del departamento de Cusco.

La socia sigue dedicandose a la atencion de turistas y con el anterior credito le fue muy bien por eso motivo en esta oportunidad requiere el prestamo para hacer mantenimeinto y ampliacion de la casa osea va comprar puertas.

La socia agradece y valora el préstamo otorgado mediante este medio y del mismo modo se compromete en cumplir con el pago de sus cuotas en el plazo establecido.

Previous Loan Details

Luz belongs to the “Mujeres Unidas” (United Women) communal bank, located in San Sebastian district, Cusco province, in the department of Cusco. Luz is 65 years old, a widow, and has 3 children. Now that she is retired, she devotes her attention to tourists who stay in her house. Little by... 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

  • $12,000
    Average annual income
  • 133
    View loans »
    Peru Loans Fundraising
  • $57,912,750
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Luz Marina to maintain and improve her home by purchasing doors.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2012
Listed
Jun 12, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012
This photo was used before for a previous loan for Luz Marina. It was first posted on Kiva on Oct, 2010. Learn More