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Mariluz

Update on Mariluz

This member continues with her auto shop where she repairs cars. She manages the business from 8:00 am to 6:00 pm and has been doing this for five years. Things are going well for her and she wants to expand the business. She is asking for this loan to buy tires, auto parts, and lubricants.

She is committed to making all of her payments on time.
View original language description ↓
La socia se sigue dedicando al negocio de taller de automatriz,donde se realiza reparacion de carros,la socia trabaja administranod su negocio desde las 8:00 a.m hasta las 6:00 p.m,la socia ya tiene 5 años en este negocio y le va muy bien,el sueño de la socia es ampliar el negocio de taller de automotriz.La socia solicita el credito para comprar llantas,repuestos para carros y aceites para los carros.

La socia se compromete a hacer todos los pagos de los préstamos necesarios a tiempo.

Previous Loan Details

Mariluz is married and has two children who are 8 and 10 years of age. She’s a housewife who cares for her two children and her home but is also now running a small car repair shop. On this occasion, Mariluz is requesting a loan to invest in her car repair shop. That is, she wants to buy spare... More from Mariluz'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
  • 68
    View loans »
    Peru Loans Fundraising
  • $54,576,900
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Mariluz to buy parts and lubricants.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2012
Listed
Dec 11, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013
This photo was used before for a previous loan for Mariluz. It was first posted on Kiva on Aug, 2012. Learn More