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Maria Orfelina

Update on Maria Orfelina

María Orfelia is 51 years old. She lives is the Pomahuaca district, a community with a warm climate, located in Jaén Province, which belongs to the Cajamarca Region in Peru’s Northern Sierra. The people are engaged in farming, trade, and raising cattle. Maria is engaged in selling general groceries, and her business is located in her home. She is requesting a loan of 1,000 nuevos soles from Edpyme Alternativa to purchase a large quantity of ice cream as well as soda, mineral water, and cookies. With this investment, she will generate more income and, in this way, be able to improve her quality of life.
View original language description ↓
María Orfelia tiene 51 años de edad, vive en el distrito de Pomahuaca, una comunidad de clima caluroso, su población se dedica a la agricultura, comercio y ganadería, ubicada en la Provincia de Jaén que pertenece a la Región Cajamarca, sierra norte del Perú.


Ella se dedica a la venta de abarrotes en general, su negocio se encuentra ubicado en su domicilio, ha solicitado un préstamo a Edpyme Alternativa de 1 000 nuevos soles para la compra de mayor cantidad de helados así como la compra de gaseosas, agua mineral, galletas y con ello le generar mayores ingresos y así poder mejorar su calidad de vida.

Previous Loan Details

Orfelina is 50 years old. She lives with her grandson in the district of Pomahuaca located in the Cajamarca Region, two hours from Jaén, in the northern mountains of Peru. The climate is hot and the inhabitants grow fruit like mangoes, oranges and pineapples. Orfelina sells ice-cream, candy an... More from Maria Orfelina'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.

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About Peru

  • $12,000
    Average annual income
  • 96
    View loans »
    Peru Loans Fundraising
  • $57,999,750
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $375 helped Maria Orfelina to purchase groceries to stock her store.
98% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 23, 2014
Listed
Jul 29, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 20, 2015