Virgen Del Rosario De San Sebastian Group
Update on Virgen Del Rosario De San Sebastian GroupThe member belongs to the communal bank VIRGEN DEL ROSARIO DE SAN SEBASTIAN, which is located in the district of Wanchaq in Cusco province, Cusco department. Felipa, 40, is married and has a son. Her daily activities include making handicrafts and weavings such as sweaters, shawls, gloves, hats, and other items. She works alone, selling her merchandise to her best customers. She has years of experience in this business, which prospers due to her efforts. She is responsible and dedicated to providing for her family. She is requesting a loan to buy materials such as different colors of wool.
The other members' professions include: selling furniture, auto parts, or handicrafts; mechanics; carpentry; and raising livestock. The people who appear in the inset photos asked permission to arrive late for the meeting due to their work schedules. Felipa is grateful for the loan and promises to make her payments.
La socia Felipa ,la socia tiene 40 años de edad, casada y tiene 01 hijo, la socia alterna sus actividades diarias con el negocio de artesanía ,la socia elabora tejidos como chompas,chalinas,guantes,chuyos entre otros, la socia trabaja de forma independiente en su negocio distribuyendo su mercadería a sus clientes que más le solicitan, la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone a su negocio, la socia es una persona responsable y empeñosa siendo de esta manera que la socia saca adelante a su familia.
La socia solicita el préstamo para la compra de materiales como lanas de diferentes colores.
Los otros socios se dedican a la venta de muebles, venta de repuestos de vehículos, artesania, mecánica, carpineteria, ganadería.
Las personas que salen adjuntas en la foto pidieron permiso para llegar tarde a la reunion por motivos de trabajo.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsThe Virgen del Rosario de San Sebastian Group, which is currently in its thirteenth loan cycle, is comprised of 14 hard-working and enterprising people who are always looking for the opportunity to get ahead in life. They make great efforts to provide their children with a better future. This com... More from Virgen Del Rosario De San Sebastian 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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