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Maria Cristina

Update on Maria Cristina

María Cristina is a member of the "Qorichuspas" communal bank in the city of Cusco, Peru. María Cristina continues to work in her restaurant and catering business.

On this occasion, María Cristina is applying for a loan in order to buy crockery and cutlery in general, so that she can renew her catering business, which will allow her to offer better service to her customers.

María Cristina is very grateful to Kiva for allowing her to develop as a person and expand her business, which represents her main source of income for supporting her family.
View original language description ↓
María Cristina es La socia que pertenece al banco comunal “QORICHUSPAS” de la ciudad del Cusco – Perú. María Cristina continúa dedicándose al negocio de su restaurante y servicio de catering. María Cristina en esta oportunidad está solicitando su préstamo para comprar vajilla y cubertería en general para renovar su servicio de catering, la cual le permitirá ofrecer un mejor servicio a sus clientes. María Cristina está muy agradecida con KIVA por permitirle desarrollarse y expandirse en su actividad económica, la cual representa el principal ingreso económico para el sustento de su familia.

Previous Loan Details

The member belongs to the communal bank "QORICHUSPA", which is located in the district of Huanchac in the province and department of Cusco. The member is Maria Cristina who continues with her restaurant business, which she has been involved in for several years and made successful thanks to her… More from Maria Cristina'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
  • 72
    View loans »
    Peru Loans Fundraising
  • $53,951,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Maria Cristina to buy crockery and cutlery.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2012
Listed
Dec 10, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2013