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Update on Marcosa

Marcosa is continuing with agriculture, preparing chicha de jora [a corn drink] and raising small animals. Marcosa is an enterprising and hard-working woman who is helping her family get ahead. On this occasion, Marcosa needs the loan to buy corn to prepare jora and also to buy beer. Marcosa is a member of the group “Los Girasoles de Rumichaca Baja” ["The Sunflowers of Rumichaca Baja"] which is made up of members who live in the village of Rumichaca Baja and also carry out their economic activities there.
View original language description ↓
Marcosa continua con la agricultura, con la preparación de chicha de jora y con la crianza de animales menores. Marcosa es una mujer emprendedora y trabajadora que saca adelante a su familia. En esta oportunidad Marcosa requiere el préstamo para comprar maíz para preparar jora y también para comprar cerveza. Marcosa es integrante del grupo “Los Girasoles de Rumichaca Baja” lo conforman socios que viven en el poblado de Rumichaca Baja y donde realizan sus actividades económicas.

Previous Loan Details

The bank member continues her work in agriculture, and also makes chicha [a corn drink] and raises small animals. Via these businesses, she is able to take care of her kids. Her dream is to increase her farming business. She asks for a loan to buy guinea pigs, hens and pigs, as well as fertilizer... More from Marcosa'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
  • 42
    View loans »
    Peru Loans Fundraising
  • $64,381,600
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Marcosa to buy corn to prepare jora and also to buy beer.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Dec 19, 2012
Jan 1, 2013
Currency Exchange Loss:
Jul 17, 2013