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Martha

Update on Martha

Martha continues with her business of raising small animals like guinea pigs and chickens. She fattens them and enables them to grow. Then, she sells them at the different fairs. She has had the business for seven years, and it is going very well for her. She works from 8:00 a.m. until 5:00 p.m. Her dream is to have a place where she is able to sell her animals.

She is requesting the loan to buy guinea pigs and chickens. She is happy about the loan, and she pledges to make her payments.
View original language description ↓
La socia Martha se sigue dedicando al negocio de crianza de animales menores como cuyes y gallinas,la socia los hace engordar y crecer y luegos los vende en las diferentes ferias,la socia ya tiene 7 años en este negocio y le va muy bien,la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,el sueño de la socia es tener un local donde pueda vender los animales.La socia solicita el credito para comprar cuyes y gallinas.

La socia esta contenta con el credito y se compromete a cumplir los pagos de su cuota.

Previous Loan Details

The partner Martha was born in the city of Saylla but now she lives in the city of Cuzco. She is 29 years old and she has a boyfriend, though they are unmarried, and they have two children together. She is a hard worker and is also very responsible. She makes a living selling small animals likes ... More from Martha'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
  • 33
    View loans »
    Peru Loans Fundraising
  • $55,881,175
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Martha to buy guinea pigs and chickens.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2013
Listed
Jul 14, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Martha. It was first posted on Kiva on Mar, 2013. Learn More