Tres Marias Group
Update on Tres Marias GroupLisbeth splits her time between her daily activities and her business running a grocery store. She sells different types of products such as rice, sugar, milk, candies, etc. She has been in this business for a long time and it is doing well thanks to the effort that she puts into it every day. At the same time, Lisbeth is a college student. She is studying for a degree in agronomy and she doesn't have long left before she finishes. This is how she makes progress in life.
Lisbeth is requesting this loan to buy merchandise such as soda.
The other members of this group sell beauty products, sell fruit, sell food and run a grocery store.
La socia solicita el credito para la compra de mercaderia como gaseosas.
Los demas socios se dedican a la venta de productos de belleza,venta de fruta,venta de comida,tienda de abarrotes.
Previous Loan DetailsValencia belongs to the Tres Marias Communal Bank. Valentina is the one in the photograph who is seated and raising her hand. She represents her communal bank. She is 30 years old, has a life partner, and has one child. Valentina’s main economic activity is making handicrafts. She has a… More from Tres Marias 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