Update on MaribelMaribel continues with her business selling clothing and it is going very well. Maribel is infinitely grateful to all the investors who supported her with the previous loan. It helped her with her business's working capital.
On this occasion she requires a loan to buy polos, sweaters, pants, shirts and other items.
Maribel was born in the city of Challabamba and lives in the same city where she was born. (The district of Challabamba is located in Paucartambo province, in the administrative division of Cusco, Peru). She is 26 years of age. She is in a common law relationship and has two children.
Maribel nació en la ciudad de Challabamba y vive en la misma ciudad donde nació. (El distrito de Challabamba está ubicado en la provincia de Paucartambo del departamento del Cusco, Perú). Ella tiene 26 años de edad, tiene una relación unión libre de la cual tiene dos hijos.
Previous Loan DetailsMaribel was born in the city of Challabamba and lives in the city where she was born. (The district of Challabamba is located in the Paucartambo province in Cusco, Peru). She is 26 and lives in a common law marriage, from which she has two children. Maribel is an enterprising and hard-working ... More from Maribel's previous loan »
More information about this 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
- Aug 13, 2013
- Aug 15, 2013
- Currency Exchange Loss:
- Jan 17, 2014
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.