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Mery

Update on Mery

Mery is a member of the “PUNTUALITO” communal bank in Cusco – Peru. Mery continues working as a tourism agent, selling tourist packages and visits to archeological sites. She is asking for this loan in order to invest in tickets for different attractions and tourist centers. She will also pay for hotel reservations. Mery is very grateful to Kiva for helping her to develop her activity, which represents her principle income to support her family.
View original language description ↓
Mery es La socia que pertenece al banco comunal “PUNTUALITO” de la ciudad del Cusco – Perú. La señora Mery continúa con su actividad como agente de turismo, vendiendo paquetes turísticos y visitas a centros arqueológicos. Mery en esta oportunidad está solicitando su préstamo para invertirlo en comprar boletos turísticos para ingresos a diferentes atractivos y centros turísticos y tambien para pagar reservas de hoteles. Mery está muy agradecida con KIVA por permitirle desarrollarse en su actividad económica, la cual representan su principal ingreso económico y sustento de su familia.

Previous Loan Details

Mery is continuing with her travel agency business. She sells tour tickets to the tourists and also to the travel agencies. In her free time, she enjoys making cookies. She works from 8:00 am to 6:00 pm. She has had this business selling tour tickers for six years. Her dream is to have her own tr... More from Mery'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
  • 127
    View loans »
    Peru Loans Fundraising
  • $56,130,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Mery to buy items for her tourism business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2013