Los Exitosos Group
Update on Los Exitosos GroupThese members belong to the Communal Bank "Los Exitosos" (The Successful Ones), which is located in the District, Province, and Department of Cusco.
One of the members, Sra. Juana, is a 63-year-old widow with two children. She works in her handicrafts business where she makes and sells items such as wallets, change purses, and woven articles. Juana also has a doll-making business. She has a small stand where she sells her crafts and handmade items. Juana works from 8am to 5pm. Through these small businesses, she is able to help her children get ahead. Her dream is to expand both of her craft businesses. Juana is requesting a loan to buy materials, such as fabrics and thread. She will also buy wallets, change purses, and woven articles to sell in her craft business.
The other members engage in businesses that involve selling refreshments, selling handicrafts, selling pastries, and sewing.
Juana is grateful to everyone who helped to fulfill her dream in this manner. Therefore, she promises to complete her payments according to the established terms.
La socia es la Sra. Juana ella es viuda y tiene 63 años y tiene 2 hijos; La socia trabaja con su negocio de venta de artesanía, la socia hace trabajos como carteras ,monederos y tejidos,la socia también se dedica al negocio de manualidades como trabajos como muñequería ella hace muñecas, la socia tiene un pequeño puesto donde vende estos trabajos de artesanía y manualidades, la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,por medio estos pequeños negocios la socia saca adelante a sus hijos, el sueño de la socia es ampliar el negocio de artesanía y negocio de manualidades. La socia solicita el préstamo para comprar materiales como telas e hilos para el negocio de manualidades y también para comprar carteras, monederoa y tejidos para su negocio de venta de artesanía.
Los otros socios se dedican al negocio de venta de refrigerios, negocio de venta de artesanía, negocio de pastelería y negocio de costureria.
La socia agradece a quienes forman parte de este sueño mediante este medio y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.
Previous Loan DetailsThe member featured in this description belongs to the communal bank "Los Exitosos," which is located in the Wanchaq district of the province and department of Cusco. The featured member is 52 years old, married, and has one child. She alternates her daily activities with her business making... More from Los Exitosos 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