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Maria Lucy

Update on Maria Lucy

María Lucy continues to work as a baker. She makes different kinds of bread and then sells them in the market. She works from 8:00am until 7:00pm. She has been in this business for 6 years and it is going very well for her. Her dream is to have a store where she can sell her bread. She is requesting the loan to buy flour, butter, and eggs at wholesale price.

She is very grateful for the loan and pledges to make her repayments in a disciplined manner.
View original language description ↓
La socia se sigue dedicando al negocio de panaderia,la socia elabora diferentes tipos de pan y luego los vende en el mercado,al socia tarbaja desde las 8:00 a.m hasta las 7:00 p.m,la socia ya tiene 6 años en este negocio y le va muy bien,el sueño de la socia es tener un local donde pueda vender los panes.La socia solicita el credito para comprar harina,mantequilla y huevos al por mayor.

La socia está muy agradecido por el préstamo y se compromete a cumplir con los pagos de dicho préstamo de forma disciplinada.

Previous Loan Details

María has a spouse; she’s 38 years old and has three children. She’s still a baker; she makes a variety of types of bread to then sell in Oropesa District. She works from 8am until 7pm and is able to support her children with this business. She wants to expand the bakery and is asking for a ... More from Maria Lucy'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
  • 66
    View loans »
    Peru Loans Fundraising
  • $54,558,575
    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 Lucy to buy flour, butter, and eggs at wholesale price.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Nov 17, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013