Fuerza 2008 Group
Update on Fuerza 2008 GroupMaría is a member of the Communal Bank “Fuerza 2008” (Strength 2008), which is located in the District of Wanchaq in Cusco Province, Department of Cusco.
She is 46 years old, separated from her spouse, and has four children. María divides her time between her daily activities and her pizzeria business. She works with her daughter based on a schedule since she also works at a tourist restaurant. María is a cheerful and responsible person who greatly desires to move her family forward. She wants to expand her business by opening a new pizzeria. María works every day so that she can provide her children a better quality of life. She is requesting a loan to buy supplies for her business such as cheese, sausages, flour, olives, and other items.
The other members buy and sell wool, provide taxi services, sell fruit, buy and sell clothing, sell construction materials, and sell snacks on the go.
María is grateful for this channel by which she is able to access a loan and promises to complete her payments.
La socia María tiene 46 años es separada y tiene 4 hijos; la socia alterna sus actividades diarias con su negocio de pizzería ella trabaja conjuntamente con su hija de acuerdo a un horario ya que la socia a la vez la socia trabaja en un restaurante turístico, la socia es una persona bien alegre y responsable con muchas ganas de salir adelante por su familia, la socia desea poder agrandar su negocio abriendo una nueva pizzería, la socia trabaja todos los días para de esta manera brindarles una mejor calidad de vida a sus hijos.
La socia solicita el prestamo para la compra de insumos para su negocio como queso,embutidos,harina,aceitunas entre otros.
Los otros socios se dedican a la compra y venta de leña, brindar el servicio de taxi, venta de fruta, compra y venta de ropa, venta de materiales de construcción, venta de refrigerios al paso.
La socia agradece este medio por el cual le facilita el crédito y se compromete a cumplir con los pagos.
Previous Loan DetailsThe village bank "Fuerza 2008" has been functioning for 2 1/2 years now and is made up of women and men. The members are hardworking and enterprising and are always looking for opportunities to move forward and with their daily efforts to give their children a better future. The bank meets every… More from Fuerza 2008 Group'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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid