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Luz Marina

Update on Luz Marina

Luz Marina continues to engage in her business of buying and selling clothes. She sells blouses, pullover shirts, and sweaters. Luz also continues to manage a business of selling food. She works from 8:00 A.M. to 7:00 P.M. Luz has already been in business for eight years and is doing very well. Her dream is to have a shop where she can sell clothes.

Luz is requesting a loan so that she can buy pullover shirts, blouses, sweaters, and trousers. She is pleased with the loan and promises to complete her payments.
View original language description ↓
La socia Luz Marina se sigue dedicanod al negocio de compra y venta de ropa,la socia vende blusas,polos y chompas y tambien se sigue dedicando al negocio de venta de comida,la socia trabaja desde las 8:00 a.m hasta las 7:00 p.m,la socia ya tiene 8 años en este negocio y le va muy bien,el sueño de la socia es tener un local donde pueda vender la ropa.La socia solicita el credito para comprar polos,blusas,chompas y pantalones.

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

Previous Loan Details

This member belongs to the communal bank, “Sayhua 3.” The bank is located in the Urubamba district, of the Urubamba province and Cusco department. The member is Ms. Luz Marina. She is 26 and has a partner and has two children. She alternates her daily activities, one being a business of buyin... More from Luz Marina'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

  • $12,000
    Average annual income
  • 119
    View loans »
    Peru Loans Fundraising
  • $57,346,050
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Luz Marina to buy pullover shirts, blouses, sweaters, and trousers.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2013
Listed
Sep 10, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Luz Marina. It was first posted on Kiva on Dec, 2011. Learn More