Check out other loans that are currently fundraising!
Mercedes

Update on Mercedes

Mercedes is a member of “Ahorro es progreso” (Saving is Progress), a Communal Bank of Saylla, a district of the town of Cusco, Peru. She is married and she has 4 children, and she keeps on engaging in breeding small animals, particularly chickens, selling them to the different restaurants of her district. Mercedes has been engaging in breeding small animals for a few years, and thanks to this activity she can provide for her household and her children, supporting her husband who works in a different line of business. In this occasion she will use the loan she has requested to capitalize her activity by buying more chickens.

Mercedes is deeply grateful to KIVA for allowing her to give an education to her children and for helping her supporting herself and developing her activity.
View original language description ↓
La socia es la señora Mercedes, ella pertenece al banco comunal “Ahorro es progreso” del distrito de Saylla de la ciudad del Cusco – Perú. La socia está casada y es madre de 4 niños, Mercedes se sigue dedicando a la crianza y comercio de animales menores mayormente de gallinas, las cuales comercializa en los diferentes restaurantes de su distrito. Mercedes trabaja criando animales menores hace algunos años y es con esta actividad que mantiene su hogar y a sus hijos, apoyando a su esposo que se dedica a otras actividades. La socia en esta oportunidad invertirá su préstamo para capitalizar su actividad y comprará más gallinas.
Mercedes está muy agradecida con KIVA por permitirle educar a sus hijos y por ayudarla a mantenerse y desarrollarse con su actividad.

Previous Loan Details

Mercedes, 26, is a member of the “AHORRO ES PROGRESO-SAYLLA” (Savings Means Progress-Saylla) communal bank located in Saylla district which belongs to Cusco province, Cusco department. She has a live-in spouse and four children. She sells small farm animals like guinea pigs, chickens and chicks… More from Mercedes'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
  • 62
    View loans »
    Peru Loans Fundraising
  • $54,001,225
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Mercedes to buy chickens.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2012
Listed
Aug 10, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013