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Luz  Marina

Update on Luz Marina

The lending club member has a grocery store where she sells basic necessities like rice, sugar, milk and cookies. She works from 8:00am to 10:00pm. In her free time she likes to make cakes. Her dream is to increase the size of her grocery store. She asks for a loan to buy rice, sugar, milk and cookies in bulk.

She is happy about the loan and promises to make her payments.
View original language description ↓
La socia se sigue dedicando al negocio de tienda de abarrotes,al socia vende productos de primera necesidad como arroz,azucar,leche y galletas,la socia trabaja desde las 8:00 a.m hasta las 10:00 p.m,en sus tiempos libres la socia le gusta hacer tortas,el sueño de la socia es ampliar el negocio de tienda de abarrotes.La socia solicita el credito para comprar arroz,azucar,leche y galletas al por mayor.

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

Previous Loan Details

This member belongs to the "Valle Sagrado A" [sacred valley A] communal bank. The communal bank is located in the district of Cusco, in the province and department of Cusco. This member is Luz Marina. She is 70 years old and is a widow with two children. She alternates her everyday activities ... 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

  • $6,715
    Average annual income
  • 122
    View loans »
    Peru Loans Fundraising
  • $55,279,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Luz Marina to buy rice, sugar, milk and cookies in bulk.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2012
Listed
Jul 30, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012
This photo was used before for a previous loan for Luz Marina. It was first posted on Kiva on Mar, 2012. Learn More