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Maritza

Update on Maritza

This communal bank member is Señora Maritza. She belongs to the communal bank "Amauta" in the city of Cusco, Peru. She continues making knitted articles of clothing such as sweaters, and she also buys and sells clothing for women, men, and children. Maritza, as in the past, is applying for the loan to buy material such as wool and merchandise such as jackets, pants, polo shirts, etc., to capitalize her business for the coming Christmas season. Maritza is very grateful to Kiva for allowing her to continue with her business, which represents the principal economic income and sustenance of her family.
View original language description ↓
La socia es la señora Maritza, ella pertenece al banco “AMAUTA” de la ciudad del Cusco - Perú. La socia continúa dedicándose a la elaboración de prendas de vestir tejidas como chompas y también a la compra y venta de ropa para damas, caballeros y niños, Maritza como en oportunidades anteriores está solicitando el préstamo para comprar material como lanas y mercadería como casacas, pantalones, polos etc. y capitalizar su actividad para la próxima campaña navideña. Maritza está muy agradecida con KIVA por permitirle continuar con su actividad económica la cual representa el principal ingreso económico y sustento de su familia.

Previous Loan Details

The member belongs to the communal bank "Amauta" located in the district and province of Urubamba, department of Cusco. The member is Maritza, 50 years of age, married with three children (33, 30 and 14). She is retired and dedicates her time to making sweaters. She knits beautiful wool sweat... More from Maritza'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
  • 116
    View loans »
    Peru Loans Fundraising
  • $56,100,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Maritza to buy wool and merchandise such as jackets, pants, and polo shirts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2012
Listed
Dec 4, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013