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Update on Marlene

Marlene is a member of “Los Líderes” [The Leaders] community bank in the city of Cusco, Peru. She continues to work in her discotheques and nightclubs, with which she has done very well, as she recently opened an additional location. Marlene is requesting this loan in order to buy merchandise such as liquor and carbonated soft drinks.

Marlene is very grateful to Kiva for allowing her to continue her business, which is the principal source of income and means of support for her family.
View original language description ↓
La socia es la señora Marlene, ella pertenece al banco “Los Lideres” de la ciudad del Cusco - Perú. La socia sigue trabajando en sus discotecas o centros de diversión nocturna, negocio el cual le ha ido muy bien, puesto que hace poco abrió otro local. Marlene está solicitando el préstamo para comprar mercadería como licores y bebidas gaseosas. Marlene está muy agradecida con KIVA por permitirle continuar con su actividad económica la cual representa el principal ingreso económico y sustento de su familia.

Previous Loan Details

This member is Marlene. She belongs to the 'Los Lideres' community bank, in the city of Cusco Peru. She is in the entertainment business and owns a discotheque where people can go to drink and dance. It is a business that entails a lot of work and sacrifice because she has to work all night. ... More from Marlene'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
  • 82
    View loans »
    Peru Loans Fundraising
  • $63,797,675
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Marlene to buy merchandise such as liquor and carbonated soft drinks.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 12, 2012
Dec 4, 2012
Currency Exchange Loss:
Apr 17, 2013
This photo was used before for a previous loan for Marlene. It was first posted on Kiva on Jul, 2012. Learn More