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Marcosa

Update on Marcosa

The bank member continues her work in agriculture, and also makes chicha [a corn drink] and raises small animals. Via these businesses, she is able to take care of her kids. Her dream is to increase her farming business. She asks for a loan to buy guinea pigs, hens and pigs, as well as fertilizers and seeds.

She is happy about the loan and promises to make her payments.
View original language description ↓
La socia se sigue dedicando al negocio de agricultura,la socia tambien se dedica al negocio de preparacion de chicha y tambien se dedica al negocio de crianza de animales menores,por medio de este negocio la socia saca adelante a sus hijos,el sueño de la socia es ampliar el negocio de agricultura.La socia solicita el credito para comprar cuyes,gallinas y chanchos y tambien para comprar fertilizantes y semillas.

La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Marcosa was born in the village of Lares in the province of Calca in the department of Cusco, but now lives in the village of Rumichaca Baja. This town is in the Urubamba district, province of Urubamba and department of Cusco, Peru. Marcosa is 44 years old and married, and has seven children ... More from Marcosa'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
  • 98
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Marcosa to buy guinea pigs, hens and pigs, as well as fertilizer and seeds.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2012
Listed
Jun 20, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Marcosa. It was first posted on Kiva on Dec, 2011. Learn More