Update on Sembrando GroupThe member belongs to the ‘Sowing’ Communal Bank; they are located in the Wanchaq district in the Cusco Province, Department of Cusco.
The member, Evarista, is 45 years old and lives with her partner and 2 children. She works daily in a beauty salon, as a cosmetologist and works from 10:00 a.m. to 9:00 p.m. She has worked in this field for several years and it is the way that she helps her family. Evarista is a very happy and responsible person.
The member needs the loan to buy some items for her home like rice and sugar.
The other members of the communal bank provide services like home schooling, printing, transportation and a grocery store.
Evarista is thankful for this medium which allows her to receive a loan and is committed to meeting all of her payments.
La socia Evarista tiene 45 años es conviviente y tiene 2 hijos; la socia alterna sus actividades diarias trabajando en un salón de belleza, la socia es cosmetologa, ella trabaja todos los días desde las 10:00am hasta las 09:00pm aproximadamente, la socia lleva años en este trabajo siendo de esta manera que la socia saca adelante su familia, la socia es una persona alegre y responsable.
La socia solicita el préstamo para la compra de insumos para su hogar como arroz y azúcar.
Los otros socios se dedican a brindar el servicio urbano, dictando clases a domicilio, imprenta, transportista, tienda de abarrotes.
La socia agradece este medio por el cual le facilita el crédito y se compromete a cumplir con los pagos.
Previous Loan DetailsMagdenia was born in the city of Espinar and has lived in Cusco for the last 24 years. (She is raising her hand in the photo.) Magdenia, 24, is in a common law relationship. She’s a hardworking, responsible, professional woman. She’s a teacher working in a school in the city of Cusco. She’s… More from Sembrando 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