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Maria Elena

Update on Maria Elena

Mrs. Maria Elena continues with her grocery store. She sells different types of products such as rice, sugar, milk, sweets, among others. She is also successfully selling gas to provide for her family.
Maria Elena requested the loan to buy rice and sugar for her business.
Se is thankful for the offered loan and commits to pay back the loan in the monthly installments.
View original language description ↓
La socia es la señora Maria Elena, la socia continua dedicandose al negocio de tienda de abarrotes,la socia vende diferentes tipos de productos como arroz,azucar,leche,golosinas entre otros, a la vez continua vendiendo gas domestico el cual le va bien bien , siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el credito para la compra de arroz y azucar para su negocio.
La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

María Elena, 22, is married and has a daughter; she lives in the city of Cusco’s Santiago district. She sells basic staple items in her grocery store but is also starting to go into the business of selling gas for domestic use and she comments that she’s doing very well. María Elena needs more ... 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
  • 102
    View loans »
    Peru Loans Fundraising
  • $55,238,100
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Maria Elena buy rice and sugar for her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 4, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013
This photo was used before for a previous loan for Maria Elena. It was first posted on Kiva on Sep, 2012. Learn More