Update on MariaMaria belongs to the "Clorinda Matto de Turner" communal bank, which is part of the Arariwa Association.
Maria is still working in cosmetics sales, which she has done for years. The business is going well thanks to the effort she puts in every day. She is a responsible person. She wants to keep working so she can continue to support her family.
She is requesting a loan to buy cooking oil and rice for her business. Maria is grateful for the loan provided and promises to make the established payments.
La Señora Maria continua dedicandose a la venta de comestibles ,la socia lleva años con su negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio ,la socia es una persona responsable,la socia desea poder seguir trabajando para de esta forma poder seguir apoyando a su familia.
La socia solicita el credito para la compra de aceite y arroz para su negocio.
La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsMaria was born in the town of Lares, which is two hours from the city of Cusco, in Cusco department. She is 55, and lives in the town of Calca. She is married, and has three children. Calca is noted for having beautiful scenery, and for being a tourist, livestock-raising and farming area. She... More from Maria's previous loan »
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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Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Jun 12, 2013
- Jul 14, 2013
- Currency Exchange Loss:
- Nov 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.