Update on Luz MarinaThis member belongs to the communal bank "Maquimanta Purisun". The bank is located in the district of Cusco, belonging to the province and department of the same name.
Her name is Luz Marina. She continues with her business of selling breakfasts. She has been in this business for years and it is going well thanks to the determination she brings to her business each day. She makes breakfasts like quinoa with applies, quinoa with milk, milk, bread with cheese, bread with avocado, and others. She is a responsible and determined person, feeling that in being this way, she can continue moving forward with her family.
She is requesting a loan to buy ingredients, like milk and sugar, among other items.
She is happy for this loan and pledges to make her payments on time.
La socia es la Sra. Luz Marina; la socia continua con su negocio de venta de desayunos,la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,la socia elabora desayunos como quinua con manzana,quinua con leche,leche,pan con queso,pan con palta entre otros,la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el credito para la compra de insumos como leche,azucar entre otros.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsLuz Marina belongs to the "Maquimanta Purisun" community bank which is located in Cusco district, in the province and department of the same name. Luz Marina is 42 years old. She is single and has one child. She divides her time between her daily activities and her business selling breakfast... More from Luz Marina's previous loan »
Important InformationAbout 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Dec 20, 2012
- Feb 1, 2013
- Currency Exchange Loss:
- May 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.