Update on MaedyMaedy continues to participate in the communal bank "Ricchary Cusco". This communal bank is located in the district of Huanchac in the province and department of Cusco.
She is 20 years old and is single. She lives in the city of Cusco. She travels to the neighboring country of Bolivia twice each month to buy clothes, purses, wallets, handbags, boots and other accessories. She also purchases shoes from the city of Trujillo.
She is an enterprising and hardworking young woman who also opened a manicurist business for women. She is seeking this loan so she can buy special machines for painting fingernails. She will travel to the city of Lima to buy one of these machines. Her dream is to open a spa.
She is grateful for this opportunity and promises to repay her loan according to the agreed-upon schedule.
La socia Maedy tiene 20 años de edad, ella es soltera y vive en la ciudad del Cusco, la socia viaja al vecino país de Bolivia para traer ropa, bolsos, carteras, sacos, botas entre otras prendas de vestir, además, ella también le proveen de zapatos de la ciudad de Trujillo y también viaja al país de Bolivia dos veces al mes para traer mercadería. La socia es una joven emprendedora y trabajadora que abrió otro tipo de negocio de pintar uñas a mujeres. La socia solicita el préstamo para comprar maquinas especiales para pintar uñas, ella va comprar de la ciudad de Lima la máquina de pintar uñas. Su sueño de la socia es abrir un SPA.
La socia Maedy agradece el préstamo y se compromete a cumplir con el pago de sus cuotas de acuerdo al cronograma de pagos.
Previous Loan DetailsThe member belongs to the communal bank Ricchary Cusco. The communal bank can be found in the district of Huanchac in the province of Cusco in the department of Cusco. The member is Maedy. She is 19 years old and is single. The member travels to the neighboring country of Bolivia in order ... More from Maedy's previous loan »
Important InformationAbout 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Jul 27, 2012
- Aug 9, 2012
- Currency Exchange Loss:
- Dec 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.