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Luz Marina

Update on Luz Marina

Luz Marina continues to work on her business of raising animals and cattle. She raises guinea pigs, chickens, and pigs. She makes them grow large and then sells them at different markets. She also sells the milk of her cattle. She has been doing this for the last six years and it is going very well for her. Her dream is to have her own store where she can sell the animals. She is seeking a loan to purchase animal feed as well as guinea pigs, chickens, and pigs. She is grateful for the support and promises to be disciplined in her payments.
View original language description ↓
La socia se sigue dedicando al negocio de crianza de animales y ganados,la socia cria cuyes,gallinas y chanchos,la socia los hace crecer y engordra y luego los vende en los diferentes mercados y tambien saca leche de los ganados y los vende,la socia se dedica a estos negocios 6 años y le va muy bien,el sueño de la socia es tener un local donde pueda vender los animales.La socia solicita el credito para comprar alimentos para los animales y tambien para comprar pollos,cuyes y chanchos.

La socia está agradecida por el apoyo que se otorgará a ella y también se ha comprometido a ser disciplinados en hacer los pagos.

Previous Loan Details

The member belongs to the Solidaridad-Cachimayo communal bank, located in the district of Cachimayo, in the province of Urubamba, department of Cusco. Luz Marina, 31, has a live-in partner and a 9-year-old son, and works as a retail merchant. She works with small animals and cattle, and also… 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
  • 65
    View loans »
    Peru Loans Fundraising
  • $54,533,225
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Luz Marina to purchase animal feed and chickens, guinea pigs, and pigs.
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