Emprendamos El Futuro Group
Update on Emprendamos El Futuro GroupThese people belong to the “EMPRENDAMOS EL FUTURO” community bank which is located in Cusco district, in Cusco province and department.
Nelly is a member of this group. She is 35 years old, lives with her partner, and has one child. Her business is selling handicrafts such as clay stoves, dishes and other items. She makes her sales as an itinerant vendor in different places where handicrafts are sold. Nelly works from 8.00am to 6.00pm and this is how she provides for her child. Nelly's dream is to expand her handicrafts business. She is requesting this loan to buy materials for making handicrafts such as clay, adhesives, brushes and paints.
The other members of this group work selling purses, groceries, stationery and clothing.
Nelly is grateful to those who will take part in helping her to achieve her dream in this way. She pledges to make her loan repayments according to schedule.
La socia es la Sra. Nelly ella es conviviente y tiene 35 años y tiene 1 hijo; La socia trabaja con su negocio de venta de venta de artesanía, la socia hace trabajos de artesanías como cocinas de arcilla, platos entre otros trabajos, ella lo vende en forma ambulatoria y lo ofrece en el diferentes lugares donde vende artesanía, 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 su hijo, el sueño de la socia es ampliar el negocio de venta de artesanía. La socia solicita el préstamo para comprar materiales para hacer los trabajos de artesanía como arcilla, pegamentos, pinceles y pinturas.
Los otros socios se dedican al negocio de venta de carteras, negocio de venta de tienda de abarrotes, negocio de cabinas de librería 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 DetailsGloria was born in the city of Cusco, Cusco Department. She currently lives in the city of her birth. (In the photo, Gloria is raising her hand). Gloria is both mother and father for her two children (Mateo, 8 and Carmen, 5). She’s a hardworking mother who supports her children. She’s a teac... More from Emprendamos El Futuro 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