Juntos Podemos Group
Update on Juntos Podemos GroupA group of neighbors and friends formed the Communal Bank "Juntos Podemos" ("Together We Can") in the district of Cusco. This Communal Bank is composed of 10 people who are always looking for opportunities to get ahead, and with their daily effort be able to offer a better future to their children. The economic activities of the group members include: sale of groceries, sale of cosmetics, sale of handicrafts, sale of tourist tickets, sale of office supplies, sale of vegetables, sale of personal accessories and others provide other services.
Jesusa is the woman in the picture who has her hand raised. Jesusa lives in the beautiful city of Cusco where she completes her daily activities. She is 44 years old, married, and has 4 children. Jesusa's main economic activity is the purchase and sale of vegetables in one of the popular markets in the city of Cusco. At this time, Jesusa requirers a loan to buy vegetables such as tomatoes, onions, carrots, potatoes and other things.
The group members in general appreciate the opportunity provided and promise to comply with their loan repayments according to the established time-frames.
The city of Cusco is located in the district and province of Cusco in the department of Cusco, right in the heart of the ancient city of the Incas, and it is characterized as a tourist zone for its archeological sites, historic center, landscapes, history, traditional festival to the Inca Sun God, and because it is near the site of one of the seven wonders of the world "Machu Picchu."
(La señora Jesusa está levantando la mano en la fotografía). La socia Jesusa vive en la hermosa ciudad del cusco y donde realiza sus actividades cotidianas, tiene 44 años de edad, es casada y fruto de esta unión tiene cuatro hijos. Su actividad económica principal de Jesusa es la compra y venta de verduras en uno de los mercados populares de la ciudad del Cusco. En esta oportunidad Jesusa requiere el préstamo para comprar verduras como por ejemplo tomates, cebollas, zanahorias, papas y otras cosas más.
Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos.
Cusco está ubicado en el distrito y provincia del Cusco del departamento del Cusco en pleno corazón de la antigua ciudad de los Incas y se caracteriza por ser una zona turística, por sus centros arqueológicos, por su centro histórico, por sus paisajes, por su historia, por su fiesta tradicional del Inti Raymi y porque se encuentra una de las siete maravillas del mundo “Machupicchu”.
Previous Loan DetailsThe members belong to the “Juntos Podemos” (Together We Can) communal bank located in Cusco District belonging to Cusco Province and Department. Jesusa, 43, is the member. She’s married and has four children. She works in her business selling vegetables. She sells tomatoes, carrots, cucumbers… More from Juntos Podemos 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