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Maria Luisa

Update on Maria Luisa

María Luisa continues with her commercial activity which is selling woven clothes like sweaters, ponchos, scarves, gloves, caps, etc. She continues selling her goods in one of the city’s most important crafts markets.

On this occasion she needs the loan to buy merchandise like sweaters, ponchos and scarves, for example. She’s very grateful to lenders for helping her develop in her work and commits to continue making her payments punctually. María Luisa belongs to the “Kukuli” communal bank in the city of Cusco, Perú.
View original language description ↓
María Luisa continua con su actividad comercial que es la venta de tejidos como chompas, bufandas, guantes, gorros etc, ella continua vendiendo sus productos en uno de los mercados artesanales más importantes de la ciudad. En esta oportunidad requiere el prestamo para comprar mercadería como por ejemplo chompas, ponchos y bufandas. Ella está muy agradecida con los inversionistas por ayudarla a desarrollarse en su trabajo y se compromete a cumplir con el pago de sus cuotas puntualmente.

María Luisa pertenece al banco comunal “KUKULI” de la ciudad del Cusco – Perú.

Previous Loan Details

The borrower is María Luisa. She is continuing with her business selling crafts: mainly knitted items such as sweaters, scarves, gloves, hats, etc. She sells them at her stand in one of the city's most important craft markets. María Luisa has supported herself by working in this business, whi... More from Maria Luisa'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
  • 93
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Maria Luisa to buy merchandise like sweaters, ponchos and scarves.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2013
Listed
Sep 14, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014
This photo was used before for a previous loan for Maria Luisa. It was first posted on Kiva on Sep, 2012. Learn More