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Maria Rosario

Update on Maria Rosario

Maria Rosario belongs to the communal bank "Ricchary Cusco." This bank is located in the district, province and department of Cusco.

Maria Rosario is a single parent with two children; she alternates her daily activities with her business selling shoes, clothing, and toys. She is also an elementary school educator. She brings clothing and toys from the cities of Tacna, Desaguadero, Puno and Lima. She sells her products according to the season, for example, during the Christmas season she sells toys, and during the rest of the year she sells clothing and other items.

She is requesting a loan to buy clothing such as: blouses, jackets, polo shirts and other items. Her dream is to open a store where she could sell clothing and toys.

Maria Rosario thanks those who are making it possible for her to achieve her dream through these means, and she promises to make her payments according to the established schedule.
View original language description ↓
La socia pertenece al banco comunal “RICCHARY CUSCO”; El banco está ubicado en el distrito de Cusco, perteneciente a la provincia de Cusco y departamento de Cusco.

La socia María Rosario es madre y padre para sus dos hijos; La socia alterna sus actividades diarias con el negocio de venta de zapatos, ropa, juguetes y también se dedica a la enseñanza nivel primario, la socia trae ropa, juguetes de la ciudad de Tacna, Desaguadero, puno y Lima, ella vende sus productos dependiendo a la temperada como por ejemplo en navidad vende juguetes y el resto del año vende ropa y otras cosas más.

La socia solicita el préstamo para comprar ropa como blusas, casacas, polos y otras cosas más. Su sueño de la señora es abrir una tienda de venta de ropa y juguetes.

La socia agradece a quienes forman parte de este sueño mediante este medio y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.

Previous Loan Details

The member belongs to the communal bank "Ricchary Cusco" located in the district of Cusco belonging to the province and department of Cusco. The member is Maria Rosario, 46 years of age, who is single and has two children. The member alternates her daily activities with a toy sales business a... More from Maria Rosario'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
  • 113
    View loans »
    Peru Loans Fundraising
  • $56,814,000
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Maria Rosario to buy clothing such as: blouses, jackets, polo shirts and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2012
Listed
Aug 9, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012