Prosperemos- Cusco Group
Update on Prosperemos- Cusco GroupThis member belongs to the “Prosperemos-Cusco” Communal Bank. This bank is situated in the department of Cusco.
The member, Felicitas, is 46 years old, married and has three children. She alternates her daily activities with her business, a grocery store. The member sells different kinds of products, such as rice, sugar, milk, sweets and soft drinks, among others. The member has had this business for some time and it is going well thanks to the effort she invests into it every day. The member works Monday to Saturday from approximately 6 a.m. until 9 p.m. Her business is located in her home. The member is a responsible and hardworking person and in this way she hopes to get ahead and support her family.
The member is requesting a loan to purchase bags of rice.
The other members weld machines, run a grocery store, study in the university, are professional accountants and work in private businesses.
This member is grateful for the loan provided her and is committed to making her payments on time.
La socia Felicitas tiene 46 años de edad, casada y tiene 03 hijos, la socia alterna sus actividades diarias con el negocio de tienda de abarrotes ,la socia vende diferentes tipos de productos como arroz, azucar, leche, golosinas,gaseosas entre otros, la socia lleva buen tiempo en este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio ,la socia trabaja de lunes a sábado desde las 06:00am hasta las 09:00pm aproximadamente ,el negocio de la socia se encuentra ubicado en su domicilio, la socia es una persona responsable y empeñosa siendo de esta manera que la socia sale adelante y apoya a su familia.
La socia solicita el credito para la compra de sacos de arroz.
Los otros socios se dedican a soldar maquinas, tienda de abarrotes, estudiantes universitarios, profesionales en contabilidad y socios que trabajan en empresas privadas.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas
Previous Loan DetailsThis member belongs to the “Prosperemos- Cusco” (We Shall Prosper- Cusco) communal bank. The bank is in Huanchac District, in Cusco Province and Cusco Department. The member is Felicitas; she is 46 years old, married, and has three children. She works in her grocery store. Felicitas has her own… More from Prosperemos- Cusco 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