Fe En Dios Group
Update on Fe En Dios GroupYomira is a member of the Communal Bank “Fe en Dios” (Faith in God), which is located in the District of Wanchaq in Cusco Province, Department of Cusco.
She is 32 years old, separated from her spouse, and has two children. Yomira divides her time between her daily activities and her business of buying and selling clothes. She has been in this business for years and has done well thanks to the effort she puts into her work. Yomira has a small shop where she sells all of her merchandise, but she also delivers goods to her customers upon request. She is a cheerful and responsible person who has the drive to continue working on behalf of her family. The loan she is requesting will be used to buy jackets for her business.
The other members have businesses that involve selling auto parts, producing handmade goods, selling natural products, offering photocopy services, and managing a restaurant.
Yomira is grateful to have this means of accessing credit and promises to complete her payments.
La socia Yomira tiene 32 años es separada y tiene 2 hijos; la socia alterna sus actividades diarias con el negocio de compra y venta de ropa, la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone a su negocio, la socia cuenta con una pequeña tienda donde vende toda su mercadería a la vez la socia también lo distribuye a sus clientes que le solicitan, la socia es una persona alegre y responsable con muchas ganas de continuar trabajando por su familia.
La socia solicita el préstamo para la compra de casacas para su negocio.
Los otros socios se dedican a la venta de repuestos para autos, manualidades, venta de productos naturales, fotocopiadora, restaurante.
Las socias que salieron adjuntas en la foto son socias que pidieron permiso para llegar tarde a la reunion por motivos de trabajo.
La socia agradece este medio por el cual le facilita el crédito y se compromete a cumplir con los pagos.
Previous Loan DetailsThe communal bank "FE EN DIOS" (Faith in God) is in its third cycle. The member meetings are every 30 days in the main office of the Asociación Araiwa. The communal bank is made up of 10 hard working and entrepreneurial people who are always looking for ways to get ahead, and with their daily… More from Fe En Dios 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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