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Maria Elena

Update on Maria Elena

Maria Elena belongs to the community bank “Santo Domingo”, she continues to work in agriculture, has several years in this business in which she is successful thanks to the effort she puts into it every day. She also continues to work providing school transportation services at one of the High Schools of the city of Cusco, she wants to continue working so she can keep supporting her family.
She requests a loan to buy new tires for her car.
Maria Elena is very thankful for the loan and commits to make to make her installment payments.
View original language description ↓
La socia Maria Elena pertenece al banco comunal “Santo Domingo” ,la socia continua dedicandose a la agricultura,la socia lleva años ene ste negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,la socia a la vez continua dedicandose a brindar el servicio de movilidad escolar en uno de los colegios de la ciudad de Cusco,la socia desea poder seguir trabajando para de esta forma la socia poder seguir apoyando a su familia.

La socia solicita el credito para la compra de llantas nuevas para su carro.

La socia Maria Elena se siente agradecida por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

María Elena continues as a member of the “Santo Domingo” communal bank. The bank meets every thirty days in Cusco District in Cusco Province and Department. María Elena is 42-years-old, married and has two children. She was born in the city of Espinar but lives in the beautiful city of Cusco.… More from Maria Elena'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
  • 63
    View loans »
    Peru Loans Fundraising
  • $53,993,575
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Maria Elena to buy new tires for her car.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013
This photo was used before for a previous loan for Maria Elena. It was first posted on Kiva on Aug, 2012. Learn More