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Maria Teresa

Update on Maria Teresa

María Teresa continues in the “Los Solidarios” communal bank and manufacturing paintings. Her work day starts at 8am and ends at 6pm, Monday through Saturday. She’s been employed by this private firm for several years now and she does very well at work thanks to the effort she puts into it. She gets ahead by means of this job. Her dream is to finish building her house. She requests this loan to buy building materials and supplies like sand and cement to finish building her house. She’s happy about the loan and commits to make her payments.
View original language description ↓
Maria Teresa continúa en el banco comunal “Los Solidarios” y en la elaboración de cuadros de pintura. Su jornal laboral empieza desde las 8:00 a.m. hasta las 6:00 p.m. de lunes a sábados. Ya son varios años que trabaja en esta entidad privada y le va muy bien en su trabajo gracias al empeño que pone. Por medio de este trabajo sale adelante. Su sueño es terminar de construir su casa. Solicita el crédito para comprar materiales de construcción para su casa como: arena, cemento para terminar de construir su casa. Está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

This member belongs to the communal bank Los Solidarios. The bank is located in the district of Urubamba, within Urubamba province, in the department of Cusco. She works for a company where she makes arts and crafts such as paintings, pictures, and necklaces. She works from 8:00 am to 6:00 pm.... More from Maria Teresa'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Peru

  • $6,715
    Average annual income
  • 131
    View loans »
    Peru Loans Fundraising
  • $56,130,550
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Maria Teresa to buy building materials and supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2012
Listed
Nov 5, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013