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Marisol July

Update on Marisol July

This communal bank member continues to work in the grocery store. She has worked in this business for years, and it is going well for her thanks to the efforts she puts in every day for the business. She works every day from 8:00 am until 5:00 pm. She wishes to be able to continue working because in this way she can continue supporting her family.

She is requesting the loan in order to purchase sodas for her business. She is happy with the loan and commits to making her payments on time.
View original language description ↓
La socia continua dedicandose al negocio de tienda de abarrotes,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 trabaja todos los dias desde las 08:00am hasta las 05:00pm,la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el credito para la compra de gaseosas para su negocio.

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

Previous Loan Details

The member continues dedicating herself to her grocery store business, where she sells basic stables such as rice, sugar, milk and sweets. The member sells from 8 a.m. until 5 p.m. The member has spent 14 years running this business. Her dream is to expand her grocery store. The member is request... More from Marisol July'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
  • 109
    View loans »
    Peru Loans Fundraising
  • $56,797,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Marisol July to purchase sodas for her business.
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
This photo was used before for a previous loan for Marisol July. It was first posted on Kiva on Aug, 2012. Learn More