Virgen Natividad De Chuso Group
Update on Virgen Natividad De Chuso GroupThese individuals belong to the communal bank "Virgn Natividad de Chuso." This bank is located in the Chinchero district, which is in Urubamba province in the department of Cusco.
Elena, 43, is a member of this group. She is married and has 5 children. She works in her business, which is a small grocery store. She sells consumer staples such as rice, sugar, milk and cookies. Elena also has a business raising animals such as pigs and guinea pigs, and she cultivates a plot of land where she grows potatoes, carrots, and tomatoes. She later takes her products to sell in the various markets in Anta. Elena works from 8am until 5pm. She has been farming for 10 years. Her dream is to expand her grocery store business. She is requesting a loan to buy groceries such as rice, sugar, milk, cooking oil and cookies.
The members who are seen in the inserted pictures had their pictures taken later because they requested permission to miss the group picture for work reasons. The woman whose face is covered with a circle no longer belongs to the communal bank "Virgen Natividad de Chuso." The other members of this group have businesses including: farming, selling cows, selling fried chicken, and raising animals.
Elena thanks all of those who are helping her to make her dream a reality through these means. She promises to make her payments according to the established schedule.
La socia es la Sra. Elena ella es casada y tiene 43 años y tiene 5 hijos; La socia trabaja con su negocio de su pequeña tienda de abarrotes, la socia vende productos de primera necesidad como arroz,azúcar,leche y galletas, la socia también se dedica al negocio de crianza de animales como chanchos y cuyes y también la socia tiene un terreno de cultivo donde siembra papas,zanahorias,tomates y luego los vende en las diferentes ferias de Anta, la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,la socia se dedica a la agricultura 10 años, el sueño de la socia es ampliar el negocio de tienda de abarrotes. La socia solicita el préstamo para comprar productos para cocinar como arroz, azúcar, leche, aceite y galletas.
Las socia que estan pegadas a la foto grupal se les tomo despues la foto porque pidieron permiso por motivos de trabajo.
La socia que esta tapada con un circulo su cara ya no pertenece al banco comunal virgen natividad de chuso
Los otros socios se dedican al negocio de agricultura, negocio de venta de vacas, negocio de venta de pollipapas y negocio de crianza de animales.
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 DetailsThe Virgen Natividad de Chuso communal bank is part of Asociación Arariwa and is made up of seven women and four men. The meetings of the communal bank are every month and all the members have to be present at the scheduled meetings; if not, they pay a fine. The majority of the members are neig... More from Virgen Natividad De Chuso 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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