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María Carmen

Update on María Carmen

María continues dedicating herself to her restaurant. She has run the business for a number of years and it is going well thanks to the hard work she puts into it every day. She continues to prepare cakes and pies and in this way she makes headway for her family. She is requesting the loan to purchase ingredients like oil, flour, eggs, milk, vegetables and other items. She is happy about the loan and promises to make her payments on time.
View original language description ↓
La socia continua dedicandose al negorio de restaurant,la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio ,la socia a la vez continua preparando pasteles y tortas, siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el credito para la compra de insumos como aceite,harina,huevos,leche,verduras entre otros.

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

Previous Loan Details

Maria continues to work in the restaurant business. She prepares breakfasts, lunches and dinners. She prepares traditional Peruvian food such as “pollo al horno”, “sopas” and “estofado de pollo”. Maria has been running her restaurant for seven years. In her free time she likes to bake cakes. ... More from María Carmen'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

  • $12,000
    Average annual income
  • 119
    View loans »
    Peru Loans Fundraising
  • $57,346,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped María Carmen to purchase ingredients like oil, flour, eggs, milk, vegetables and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2013
Listed
May 2, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013