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Martha

Update on Martha

The member continues in the cattle business, she sells milk since she has dairy cows. She also has a business breeding cuyes (a hamster like animal) she fattens and grows them and later sells them to different markets. She has over 8 years in these businesses and through these businesses the member wants to see that her children get ahead in life because she wants them to be professionals, her dream is to have a place where she can sell her cuyes and milk. The member needs the loan to buy 1 cow and to buy food for the cuyes.

The member is happy for the loan and is committed to meeting all of her payment quotas.
View original language description ↓
La socia se sigue dedicando al negocio de ganaderia,la socia vende leche ya que son ganados son lecheros,la socia tambien se dedica al negocio de crianza de cuyes,ella los hace engordar y crecer y luego los vende en los diferentes mercados,la socia ya tiene 8 años en estos negocios,por medio de estos negocios la socia quiere sacar adelante a sus hijos porque quieren que sean profesionales,el sueño de la socia es tener un local donde pueda vender los cuyes y la leche.La socia solicita el credito para comprar 1 ganado y tambien para comprar alimentos para los cuyes.

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

Previous Loan Details

Martha is a native of Tambo Real, a rural community located in the Zurite district of Anta, approximately an hour and a half from the city of Cusco. She is thirty-three years old and married with two children. Martha raises livestock and sells milk in her town and local markets. She also raises ... More from Martha'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
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Martha buy 1 cow and to buy food for the cuyes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2012
Listed
Jul 31, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013