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María Carmen

Update on María Carmen

Maria continues to work in the restaurant business. She prepares breakfasts, lunches and dinners. She prepares traditional Peruvian food such as “pollo al horno”, “sopas” and “estofado de pollo”. Maria has been running her restaurant for seven years.

In her free time she likes to bake cakes.

Her dream is to expend her business. She is asking for this loan to buy cooking ingredients such as chicken, meet and vegetables.

She is happy about the loan and she promises to fulfill the payment of all installments.
View original language description ↓
La socia se sigue dedicando al ngeocio de restaurant,ella prepara desayunos,almuerzos y cenas,ella prepara pollo al horno,sopas y estofado de pollo,la socia ya tiene 7 años en este ngeocio,en sus tiempos libres a la socia le gusta preparar pasteles y tortas,el sueño de la socia es ampliar el negocio de restaurant.La socia soliciat el credito para comprar productos de cocinar como pollo,carne y verduras.

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

Previous Loan Details

Maria is 72 years old and married with five children, all of whom are professionals and have moved out of the house. She is the owner of a small restaurant that sells typical Peruvian food such as "arroz con pollo", "lomo saltado", and "sopas". She is asking for a loan in order to expand her… More from María Carmen'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
  • 63
    View loans »
    Peru Loans Fundraising
  • $53,993,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped María Carmen to buy cooking ingredients such as chicken, meet and vegetables.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2012
Listed
Aug 28, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012