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Margarita

Update on Margarita

Margarita is grateful to all the lenders for the loan. She is happy for the support given and she continues to sell dried grains such as barley and wheat, and raising small animals such as Guinea pigs, and chickens. She needs a loan to buy Guinea pigs and chickens.

Cusco is known as a tourist and commercial zone, for its traditional Inti Raymi festival, and because it hosts one of the seven wonders of the world, “Machupicchu.”
View original language description ↓
Margarita agradece a todos los inversionistas por el préstamo y se siente contenta por el apoyo brindado ella continua vendiendo granos secos como por ejemplo cebada, trigo y con la crianza de animales menores como por ejemplo cuyes, gallinas y pollos. En esta oportunidad requiere el préstamo para comprar pollos y cuyes.

Cusco es conocido por ser una zona muy turística, comercial, por su fiesta tradicional del Inti Raymi y porque se encuentra una de las siete maravillas del mundo “Machupicchu”.

Previous Loan Details

Margarita was born in the city of Cusco (Peru) and she is 47 years old. She currently lives in the same city where she was born and it is where she carries out her economic activities. She has a grain sales business where she sells products such as barley, and wheat. Her secondary business is far... More from Margarita'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
  • 94
    View loans »
    Peru Loans Fundraising
  • $57,999,750
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Margarita to buy Guinea pigs and chickens.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2013
Listed
Dec 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014