Update on Maria CristinaThe member belongs to the communal bank "QORICHUSPA", which is located in the district of Huanchac in the province and department of Cusco.
The member is Maria Cristina who continues with her restaurant business, which she has been involved in for several years and made successful thanks to her hard work. She also rents out her space for events such as weddings, debutante balls, etc. She is a cheerful, responsible person who provides for her family through her business activities.
She is requesting a loan to buy supplies for her restaurant, such as rice and oil.
She is very grateful for the loan and committed to paying it back on time.
La socia Maria Cristina continua dedicandose al negocio de restaurante, la socia lleva años en este su negocio el cual le va bien gracias al empeño que le pone a su negocio,a la vez la socia alquila su local para cualquier tipo de compromisos como matriminios,fiestas de 15 años entre otros,la socia es una persona alegre y responsable siendo de esta manera que la socia saca adelante a su familia.
La socia solicita el prestamo para la compra de insumos para su restaurante como arroz y aceite.
La socia se siente agradecida por el préstamo otorgado y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.
Previous Loan DetailsMaria Cristina is a member of the “QORICHUSPA” community bank which is located in Huanchac district, in Cusco province and department. Maria Cristina is 49 years old. She is married and has 3 children. Her business is running her own restaurant. Maria Cristina has a restaurant where she mak... More from Maria Cristina'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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Jun 6, 2012
- Jun 17, 2012
- Currency Exchange Loss:
- Jan 15, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.