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Margot

Update on Margot

Margot is still in the stuffed pepper sales business. She makes this dish and then sells it on the streets. She has been in this line of work for several years and she does very well. Her dream is to own a restaurant. The member requests this loan in order to purchase cooking supplies such as rocoto peppers, meat, eggs and vegetables.

The member is pleased with the loan and she pledges to make her repayments.
View original language description ↓
La socia se sigue dedicando al negocio de venta de rocoto relleno,la socia prepara este plato y lo lleva a vender en forma ambulatoria,la socia ya tiene varios años en este negocio y le va muy bien,el sueño de la socia es tener un restaurant.La socia solicita el credito para comprar productos para cocinar como rocoto,carne,huevos y verduras.

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

Previous Loan Details

Margot is 42 years old, widowed, and has five children. She has a business of selling stuffed peppers. Margot sells her products in the main city square. She also sells other foods, such as chicken soup and stir-fried beef. Margo works from 9:00 A.M. to 5:00 P.M. and has been in business for ... More from Margot'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

  • $6,715
    Average annual income
  • 91
    View loans »
    Peru Loans Fundraising
  • $56,011,725
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Margot to purchase cooking supplies such as rocoto peppers, meat, eggs and vegetables.
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 Margot. It was first posted on Kiva on Nov, 2012. Learn More