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Update on Marcelina

The member, Marcelina, continues with her business selling silver handicrafts such as earrings. She has been in this business for some time, and it's going well for her because of the effort she puts into it every day.

Currently she's managing a hotel in the center of town. She likes this job and it brings her financial and personal satisfaction. She's a responsible and hardworking person, this being how she gets her family ahead.

She's requesting the loan to increase her silver merchandise, such as necklaces and rings.

She's grateful for this opportunity and pledges to make her payments in accordance with the schedule.
View original language description ↓
La socia Marcelina continua con su negocio de venta de artesania como aretes (plateria),la socia lleva buen tiempo en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,la socia actualmente esta administrando un hotel por el centro de la ciudad siendo este un trabajo que le gusta y le trae satisfaciones tanto economicas como personales,la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia.

La socia solicita el credito para aumentar su mercaderia de plateria como collares y anillos.

La socia se encuentra agradecida por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.

Previous Loan Details

Marcelina is 49 years old and in a common law marriage. She participates as a member of the Communal Bank “Señor De Los Temblores II”, which is a microfinance unit of Asociación Arariwa in the city of Cusco. Marcelina is an enterprising and hardworking mother who sells handcrafted items, such a... More from Marcelina'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

  • $12,000
    Average annual income
  • 94
    View loans »
    Peru Loans Fundraising
  • $57,998,275
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,350 helped Marcelina to buy necklaces and rings.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 24, 2012
Nov 18, 2012
Currency Exchange Loss:
May 17, 2013
This photo was used before for a previous loan for Marcelina. It was first posted on Kiva on Nov, 2010. Learn More