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Macaria

Update on Macaria

Macaria is 73 years old, married, and has seven children. She was born in the city of Urubamba and still lives there. Her main business activity is selling “chicha de jora” (a beverage made from corn), but she also sells charcoal. Macaria has been in business for several years and is doing well thanks to the effort she puts into her work. She is a member of the Communal Bank “Reyna de Los Angeles”.


Macaria is taking this opportunity to request a loan in order to buy charcoal.

View original language description ↓
Macaria tiene 73 años de edad y es casada y fruto de esta hermosa relación tiene siete hijos, ella nació en la ciudad de Urubamba y vive en la misma ciudad donde nació. Su actividad económica principal es la venta de chicha de jora y también la venta de carbón. Ya son varios años que se dedica al negocio y le va muy bien gracias al empeño que pone en su trabajo. Ella pertenece al banco comunal “Reyna de los Angeles” y en esta oportunidad requiere el préstamo para comprar carbón.

Previous Loan Details

Macarie continues to dedícate herself to the business of selling “chicha”, which is a corn based drink. She sells chicha at a site from 8:00 a.m. until 6:00 pm. Her dream is to expand her business of selling chica. She is requesting the loan to buy supplies. She will buy wholesale corn, “jo... More from Macaria'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
  • 106
    View loans »
    Peru Loans Fundraising
  • $55,006,475
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Macaria to buy charcoal.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Apr 2, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013