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Máxima

Update on Máxima

Máxima continues her business making and selling cheeses, sweets and yogurts. She travels around selling her products, and now has eight years of experience in this trade. Business is going well, and her dream is to one day have her own store for selling her cheeses, sweets and yogurts.

Máxima plans to use the support from this loan to purchase cow’s milks for making her products. She is grateful for this opportunity, and promises to complete all scheduled loan repayments on time.
View original language description ↓
La socia se sigue dedicando al negocio de venta de quesos,manjares y yogures,la socia elabora estos productos y lo vende en forma ambulatoria,la socia ya tiene 8 años en este negocio y le va muy bien,el sueño de la socia es tener un local donde pueda vender los quesos,manjares y yogures.La socia solicita el credito para comprar leche de vaca.

La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

The member is still selling cheese, yogurt and treats. She makes her products with dairy and later sells them everyday in the city of Cusco as she enjoys preparing cheese, yogurts and treats. The member works from 8:00 a.m. to 6:00 p.m. and has worked in this business for some 8 years. Her dream is… More from Máxima'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
  • 69
    View loans »
    Peru Loans Fundraising
  • $53,956,025
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Máxima to purchase milk for making her cheeses, yogurts and sweets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013
This photo was used before for a previous loan for Máxima. It was first posted on Kiva on Jul, 2012. Learn More