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Margarita

Update on Margarita

She continues with her business baking bread. She sells in the market from 8am until 6pm. She’s been in the bread selling business for ten years and she wants to support her children by means of this business. She requests the loan to buy bread-baking ingredients like flour, shortening and sugar. She’s happy about the loan and commits to make her installment payments.
View original language description ↓
La socia se sigue dedicando al negocio de elaboracion y venta de pan,la socia vende en el mercado desde las 8:00 a.m hasta las 6:00 p.m,la socia se dedica al negocio de venta de pan 10 años,por medio de este negocio la socia quiere sacar adelante a sus hijos.La socia solicita el credito para comprar insumos para preparar pan como harina,manteca y azucar.

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

Previous Loan Details

Margarita was born in the town of Oropesa south of the city of Cusco, but she now lives in Calca in the Sacred Valley of the Incas, north east of Cusco. She is 47 years old, married, and has four children. As well as looking after the home, she runs a small business making and selling bread in on... More from Margarita'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
  • $55,266,250
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Margarita to buy bread-baking ingredients like flour, shortening and sugar.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2012
Listed
Sep 20, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Margarita. It was first posted on Kiva on Dec, 2011. Learn More