Update on Maria LuisaMaría Luisa was born in the city of Paucartambo but has lived in the city of Salvación for the last 25 years. (The city of Salvación is located in Manu District, Manu Province which is in the Department of Madre de Dios, Peru).
María Luisa is 39-years-old and is in a common law relationship; she has two children. She owns an inn, a grocery store and a restaurant. She’s been in these businesses for several years now and does very well thanks to the effort she puts into her work. She’s an enterprising, hardworking woman who moves her family forward because she’s a member of the “Del Futuro del Manu” (Manu’s Future) communal bank.
On this occasion, she needs the loan to buy merchandise like sacks of rice, sacks of sugar, noodles, jugs of milk and other things, for example. She is grateful for and values the loan and commits to make her monthly payments.
Maria Luisa tiene 39 años de edad y tiene una relación de unión libre de la cual tiene dos hijos, ella tiene un local de hospedaje, una tienda de abarrotes y un restaurante. Ya son varios años que se dedica a estos negocios y le va muy bien gracias al empeño que pone en su trabajo. Ella es una mujer emprendedora y trabajadora que saca adelante a su familia pues ella pertenece al banco comunal “Del Futuro del Manu”. En esta oportunidad requiere el préstamo para comprar mercadería como por ejemplo sacos de arroz, sacos de azúcar, fideos, tarros de leche y otras cosas más. Agradece y valora el préstamo y se compromete a cumplir con el pago de sus cuotas mensuales.
Previous Loan DetailsMaria Luisa belongs to the communal bank “Del Futuro del Manu”. The members meet every 30 days in the city of Salvación in the province of Manu and department of Madre de Dios. Maria Luisa is 36 years old and is in a common-law marriage from which she has 4 children. She was born in the city of… More from Maria Luisa's previous loan »
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Important InformationAbout 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.
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