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Maria

Update on Maria

The member, María, belongs to Los Diamantes Communal Bank in the city of Cusco, Peru. She continues making a living teaching various subjects, giving private classes to children who need academic support. María has done this work for several years and it represents her main income and personal achievement because in the future she wants to start a private elementary educational institute.

María's requesting the loan to buy teaching materials such as paper, charts, books, and computer software to develop her classes.

María's grateful to Kiva for the loan granted, and she pledges to make her payments punctually.
View original language description ↓
La socia es la señora María, ella pertenece al banco comunal LOS DIAMANTES” de la ciudad del Cusco – Perú. la socia continua dedicándose a la enseñanza de diversas materias, dando clases particulares a niños que requieren refuerzo académico, María realiza esta actividad hace algunos años y esta le representa el principal ingreso económico y realización personal, ya que en un fituro ella quiere constituir una institución educativa inicial particular, María solicita el préstamo para comprar material didáctico como papelería, laminas, libros y software de computo para el desarrollo de sus clases. María se siente agradecida con KIVA por el crédito otorgado y se compromete a cumplir con el pago de las cuotas establecidas.

Previous Loan Details

The member continues to earn a living as an instructor giving lessons to individuals. She works from 3 a.m. until 6 p.m. and wants to make progress in life through this work. She has been working in this field for five years. The member's dream is to have a playschool for children. She is seeking... 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
  • 37
    View loans »
    Peru Loans Fundraising
  • $55,833,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Maria to buy teaching materials.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013