Mujeres Emprendedoras Group
Update on Mujeres Emprendedoras GroupThe “Enterprising Women” cooperative bank continues working in the Arariwa Association, and is now comprised of 10 women and 2 men. The majority of the members are neighbors, friends, and live in the city of Cusco.
The members are hard working and entrepreneurial people, who always seek opportunities to get ahead and to, through their daily efforts, provide a brighter future for their children. The majority of the members dedicate themselves to different economic activities, such as handicraft sales, food, and others provide services.
(The person in the picture with her hand raised is Celinda).
Celinda is 46 years old, married, and has three children from this relationship. She was born in the city of Quillabamba, but currently lives in the beautiful city of Cusco. Celinda is a teacher and works in one of the most popular schools in Cusco. Her concurrent business is selling items of basic necessity such as, for example, rice, sugar, noodles, detergents and other items. At this time, Celinda needs a loan to buy more merchandise such as sacks of rice and sugar. The members are grateful and appreciate the loan granted via this means, and commit to fulfilling their payment obligations in their entirety during the established time frame.
The members Sonia and Kelly don't appear in the photograph, as they asked the cooperative bank’s management permission to be absent on the day of disbursement.
Los socios son trabajadores y emprendedores que buscan a cada momento las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos. La mayoría de los socios se dedican a diferentes actividades económicas como venta de artesanía, comestibles y otros brindan servicios.
(La persona que aparece en la fotografía levantando la mano es la socia Celinda).
La socia Celinda tiene 46 años de edad, es casada y frutos de esta unión tiene tres hijos, ella nació en la ciudad de Quillabamba pero actualmente vive en la hermosa ciudad del Cusco. Celinda es profesora y trabaja en uno de los colegios más populares de la ciudad del Cusco. Su actividad económica complementaria de Celinda es la venta de productos de primera necesidad como por ejemplo arroz, azúcar, fideos, detergente y otras cosas más. En esta oportunidad Celinda requiere el préstamo para comprar más mercadería como por ejemplo sacos de arroz y sacos de azúcar.
Los socios agradecen y valoran el préstamo otorgado mediante este medio y se comprometen en cumplir con el pago total de sus deudas en el plazo establecido.
Las socias Sonia y Kelly no aparecen en la foto porque pidieron permiso a la junta del banco comunal para no estar presentes el día del desembolso.
Previous Loan DetailsThis group belongs to the communal bank "Mujeres Emprendedoras" (Enterprising Women), located in the city of Cusco. They are a group of 18 eager entrepreneurs, both men and women, who are intent on continuing to grow their businesses with the capital that is being provided through these means.... More from Mujeres Emprendedoras 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