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Ruth Maritza

Update on Ruth Maritza

Ruth Maritza is 37 years old. She lives with her children in the district of Oyotun, located in the Chiclayo Province of the Lambayeque Region in the north coast of Peru. The community makes a living from agriculture, retail, and livestock.

She makes a living from selling groceries, like rice, sugar, milk, oil, eggs, and lentils. Her shop is located in her own home. She has requested a loan from Edpyme Alternativa for 4,500 nuevos soles to buy a greater quantity of products to offer her customers in order to generate more revenue for her family.
View original language description ↓
Ruth Maritza tiene 37 años de edad, vive junto a sus hijos en el distrito de Oyotún, una comunidad que se dedica a la agricultura, comercio y ganadería, ubicada en la Provincia de Chiclayo que pertenece a la Región Lambayeque, costa norte del Perú.


Ella se dedica a la venta de abarrotes, como arroz, azúcar, leche, aceite, huevos, menestras, su bodega está ubicada en su mismo domicilio, ha solicitado un préstamo a Edpyme Alternativa de 4 500 nuevos soles para la compra de mayor cantidad de productos para ofrecer a sus clientes y de esta manera generar mayores ingresos para su familia.

Previous Loan Details

Ruth Martinez is 37 years old and lives with her children in the Oyotún district. Oyotún's residents work in agriculture, retail and livestock. It is located two hours away from the city of Chiclayo on the northern coast of Peru. She works selling groceries, beer and other products. She is an… More from Ruth Maritza's previous loan »

Additional Information

More information about this loan

This product was created to assist Edpyme Alternativa to expand their reach into rural areas of Northern Peru in order to attend more underserved populations. Kiva funding allows the institution to access the Northern areas of the Piura, Lambayeque, and Cajamarca regions, which are generally too costly to serve and therefore less attended by financial institutions.  
 

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
  • 66
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Ruth Maritza to buy a greater quantity of products to offer her customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2014
Listed
Aug 20, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015