Check out some available loans that are similar to this one!
Martha

Update on Martha

Martha is still in the business of selling chicha, which is a beverage made from corn. She has been in this line of work for several years and does very well. Her dream is to expand her chicha sales business. The member requests the loan in order to purchase corn for making chicha.

She's happy with the previous loan and she pledges to make her repayments.
View original language description ↓
La socia se sigue dedicando al negocio de venta de chicha que es una bebida a base de maiz,la socia ya son varios años que s ededica a este negocio y le va muy bien,el sueño de la socia es ampliar el negocio de venta de chicha.La socia soiicita el credito para comprar maiz para preparar la chicha.

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

Previous Loan Details

Martha, 46, is married and has two children. She works selling chicha, a beverage made from corn. She sells chicha at home from 8am until 6pm. She’s been in business ten years and does very well. Her dream is to be able to have a locale to sell the chicha in. She requests the loan to buy corn... 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.

Tags

About Peru

  • $12,000
    Average annual income
  • 116
    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 $925 helped Martha to purchase corn for making chicha (a beverage).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2013
Listed
Oct 19, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Martha. It was first posted on Kiva on Oct, 2012. Learn More