Moyopata-San Sebastian Group
Update on Moyopata-San Sebastian GroupMarisa belongs to the communal bank MOYOPATA-SAN SEBASTIAN, which is located in the Cusco province. She is 31 years old, lives with her partner and has 1 child. Marisa has a small grocery store where she sells different products like rice, milk, candies, sodas and other things. She has had the business for a while and it has helped her family to get ahead. Marisa is a positive persona and quite responsible. She works every day in her store and she hopes to continue to do so in order to continue helping her family.
Marisa is requesting a loan to buy merchandise, like candy, for her store.
The other members of the community bank work selling piggy banks, hangers, books, groceries, and Peruvian drinks like chicha and emoliente. Some work in animal husbandry.
Marisa is grateful for being able to access credit in this way and is committed to repaying the loan.
La socia Marisa; la socia tiene 31 años, conviviente y tiene a hijo; la socia alterna sus actividades diarias con el negocio de tienda de abarrotes ella vende diferentes tipos de productos como arroz,azucar,leche,golosinas,gaseosas entre otros, la socia lleva buen tiempo en este negocio el cual mediante este la socia saca adelante a su familia, la socia es una persona alegre y responsable, ella trabaja todos los días en su negocio, la socia desea poder continuar trabajando para seguir apoyando a su familia.
La socia solicita el préstamo para la compra de mercadería para su negocio como golosinas.
Los otros socios se dedican al negocio de compra y venta de alcancías y percheros, venta de libros, venta de emoliente, tienda de abarrotes, ventad e chicha, crianza de animales.
Las socias que salen adjuntas en la foto pidieron permiso para llegar tarde por motivos de trabajo.
La socia agradece este medio por el cual le facilita el crédito y se compromete a cumplir con los pagos.
Previous Loan DetailsThe members of the “MOYOPATA-SAN SEBASTIAN” communal bank meet every 30 days in the main office of the microfinance unit of the Arariwa Association in the city of Cusco. The communal bank is represented by Graciela, the president; William, the secretary; Juan Antonio, the treasurer; and Agustina,... More from Moyopata-San Sebastian 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