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Maria

Update on Maria

Our member is still in agriculture. She has a crop field where she grows potatoes, corn, barley, and wheat. She sells her produce at different markets. She has been in business for 8 years and has prospered. Through this business, she has been able to help her children get ahead in life. Her dream is to own a grocery store. She is requesting this loan in order to purchase seed and fertilizer.


She is happy about the loan and commits to pay it off.

View original language description ↓
La socia se sigue dedicando al negocio de agricultura,la socia tiene un terreno donde siembra papa,mazi,cebada y trigo,ella vende en diferentes mercados,al socia tiene 8 años en este negocio y le va muy bien,la socia por medio de este negocio saca adelante a sus hijo,el sueño de la socia es tener una tienda de abarrotes.La socia solicita el credito para comprar semillas y fertilizantes.

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

Previous Loan Details

Here is a member of the communal bank named "Virgen del Carmen de Yuncaypata". It is located in the community of Yuncaypata, in the province of Cusco and the department of Cusco. Her name is Maria. She is 20 years old, married common-law, and she has 1 child. She alternates her daily activities… More from Maria'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 $400 helped Maria to purchase seed and fertilizer.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2012
Listed
Oct 15, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013
This photo was used before for a previous loan for Maria. It was first posted on Kiva on Apr, 2011. Learn More