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Maria

Update on Maria

Maria works in her bookstore and ice cream businesses, and it is going very well. On this occasion, she needs the loan in order to buy merchandise such as ice cream, soft drinks, mineral water, gifts, stuffed toys, Christmas cards, paper, pens, notebooks, and other items.

She is grateful for and appreciates the loan, and promises to be very responsible in making her monthly installment payments.
View original language description ↓
Maria se dedica a sus negocios de librería y heladería y le va muy bien y en esta oportunidad requiere el préstamo para comprar mercadería como por ejemplo helados, gaseosas, agua mineral, regalos, peluches, tarjetas navideñas, papeles, lapiceros, cuadernos y otras cosa más, ella agradece y valora el préstamo y se compromete a cumplir con el pago de sus cuotas mensuales con mucha responsabilidad.

Previous Loan Details

Maria thanks the lenders for her loan and for the support they have offered. She is still managing her small bookstore and ice cream shop and it is going very well for her. This time she needs a loan to buy merchandise, such as ice cream, sodas, mineral water, gifts, stuffed animals, Christmas ... More from Maria's previous loan »

Additional Information

More information about this loan


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

  • $6,715
    Average annual income
  • 39
    View loans »
    Peru Loans Fundraising
  • $55,833,225
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Maria to buy merchandise such as ice cream, soft drinks, mineral water, gifts, stuffed toys, Christmas cards, paper, pens, notebooks and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2014
Listed
Apr 19, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014