Check out some available loans that are similar to this one!
Maria Elena

Update on Maria Elena

She continues working in her business buying and selling milk. She extracts milk from the cows she rises and then sells it in various street fairs and markets. She works from 7am until 5pm and has been in this business for six years. Her dream is to expand the milk selling business and she’d like to have a locale in which to sell the milk. She requests the loan to buy a cow. She’s happy about the loan and commits to make her payments.
View original language description ↓
La socia se sigue dedicando al negocio de compra y venta de leche,la socia saca la leche de los ganados que cria y luego lo vende en las diferentes ferias y mercados,la socia trabaja desde las 7:00 a.m hasta las 5:00 p.m,la socia se dedica a este negocio 6 años,el sueño de la socia es ampliar le negocio de venta de leche y le gustaria tener un local paarq ue pueda vender leche.La socia solicita el credito para comprar un ganado.

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

Previous Loan Details

Maria Elena is a member of the "San Martin de Zurite" communiy bank which is located in Zurite district, in Anta province, in Cusco department. Maria Elena is 37 years old, lives with her partner, and has 2 children. She divides her time between her daily activities and her business buying an... More from Maria Elena'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
  • 103
    View loans »
    Peru Loans Fundraising
  • $56,733,750
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Maria Elena to buy cattle.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2012
Listed
Sep 21, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Maria Elena. It was first posted on Kiva on May, 2011. Learn More