La Piramide Group
Update on La Piramide GroupThese members belong to the communal bank La Pirámide, which is located in the district of Cusco, which belongs to the province of Cusco and the department of Cusco.
Member Fausta is 48 years old, single, and has two children. She works in her business, which is a grocery store, selling essential goods such as rice, sugar, milk, oil, and biscuits. She works from 8:00 am to 6:00 pm. This business allows her to provide for her children. Her dream is to expand and improve her grocery store business. She is requesting the loan in order to purchase rice, sugar, milk, oil, and biscuits.
The other members work in different businesses selling shoes, selling gifts, at an auto repair shop, and selling clothing.
Fausta is thankful to everyone who is a part of this dream through this resource, and she is committed to paying all her installments on time.
La socia es la Sra. Fausta ella es soltera y tiene 48 años y tiene 2 hijos; La socia trabaja con su negocio de tienda de abarrotes, ella vende productos de primera necesidad como arroz, azúcar, leche, aceite y galletas, la socia trabaja desde las 8:00 a.m hasta las 6:00 p.m, por medio de este negocio la socia saca adelante a sus hijos, el sueño de la socia es ampliar y mejorar el negocio de tienda de abarrotes. La socia solicita el préstamo para comprar arroz, azúcar, leche, aceite y galletas.
Los otros socios se dedican al negocio de venta de zapatos, negocio de venta de regalos, negocio de taller de mecánica y negocio de venta de ropa.
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 belongs to the "La Piramide" (The Pyramid) communal bank, located in the district of Huanchac, Province of Cusco and Department of Cusco. The member Denisse is 31 years old. She is single and earns a living working at a restaurant very well known for its customer service, as a… More from La Piramide 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