Update on MauraMaura continues to live in the city of Huancarani in the province of Paucartambo, where she does all kinds of activities. She continues to raise small animals such as guinea pigs and chickens. She also sells food as a street vendor in the door of her home, just on Sundays. She has been working in this business for several years, and it is going very well thanks to the effort she puts into her work.
On this occasion Maura needs the loan to buy supplies so that she can continue preparing more traditional dishes of the region. She will buy supplies at wholesale, such as sacks of rice, sacks of sugar, noodles and other things.
Maura continues as a member of the "Mamacha Rosario" communal bank of the Arariwa Association and is grateful for the opportunity offered through this organization. As well, she is comitted to making her loan repayments according to the schedule.
En esta oportunidad Maura requiere el préstamo para comprar insumos para continuar preparando mas platos típicos de la región, ella comprará insumos al por mayor como por ejemplo sacos de arroz, sacos de azúcar, fideos y otras cosas más.
Maura continúa en el banco comunal “Mamacha Rosario” de la Asociación Arariwa y se encuentra agradecida por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.
Previous Loan DetailsMaura continues to live in the city of Huancarani in the province of Paucartambo, where does all kinds of activities. She continues to raise small animals such as guinea pigs and chickens. She also sells food as a street vendor in the door of her home, just on Sundays. She has been working in this… More from Maura'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
- Oct 4, 2013
- Oct 21, 2013
- Currency Exchange Loss:
- Mar 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.