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Luz Marina

Update on Luz Marina

La socia se sigue dedicando al negocio de carpinteria,la socia junto con su esposo realizan trabajos como muebles,puertas y ventanas y luego los vende en las diferentes ferias,la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,la socia ya tiene 6 años en este negocio,el sueño de la socia es ampliar el negocio de carpinteria.La socia solicita le credito para comprar madera al por mayor.
La socia esta contenta con el credito otorgado y se compromete a cumplir con sus cuotas.

The member continues working at the carpentry business. Along with her husband, they make projects like furniture, doors, and windows and then they sell them at different fairs. The member works from 8:00 am to 5:00 pm and has already been at the business for 6 years. Her dream is to expand the carpentry business. She asks for this loan to buy wholesale lumber.

She is happy with the loan awarded and promises to comply with the repayments.
View original language description ↓
La socia se sigue dedicando al negocio de carpinteria,la socia junto con su esposo realizan trabajos como muebles,puertas y ventanas y luego los vende en las diferentes ferias,la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,la socia ya tiene 6 años en este negocio,el sueño de la socia es ampliar el negocio de carpinteria.La socia solicita le credito para comprar madera al por mayor.

La socia esta contenta con el credito otorgado y se compromete a cumplir con sus cuotas.

Previous Loan Details

The member belongs to the “Solidaridad Cachimayo” cooperative bank, which is located in the Cachimayo district of the province of Chinceros. Her name is Luz Marina, and she is 35 years old. Luz Marina has a common law husband and two children. She is requesting the loan for her and her husba... More from Luz Marina'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
  • 96
    View loans »
    Peru Loans Fundraising
  • $55,006,475
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Luz Marina to purchase lumber at wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Oct 3, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013