Virgen Asunta Group
Update on Virgen Asunta GroupThe members belong to the "Virgen Asunta" communal bank, located in Anta district, which is part of Anta province in Cusco department.
Vicentina is a member of the group. She is 35 years old, lives with her partner, and has one son. She works in her business selling vegetables. She sells tomatoes, carrots, lettuce and other vegetables.
The borrower also sells milk. She sells both the vegetables and the milk in the market. She works from 8:00am to 5:00pm. The borrower has been working in these businesses for seven years, and it is going very well. By means of these businesses, she wants to help her child finish his schooling. Her dream is to expand her business selling vegetables and milk.
The borrower is requesting the loan to buy tomatoes, carrots, lettuce and squash, as well as to buy milk.
In the photo, the members with their faces covered with a circle, no longer belong to the "Virgen Asunta" communal bank.
The other members work in businesses such as livestock-raising, selling food, grocery store, selling trout, and selling chickens.
The borrower is grateful to those who by this means form part of her dream, and promises to make her instalment payments on time.
La socia es la Sra. Vicentina ella es conviviente y tiene 35 años y tiene 1 hijo; La socia trabaja con su negocio de venta de verduras, la socia vende tomates,zanahorias,lechugas entre otras verduras, la socia también se dedica al negocio de venta de leche tanto las verduras como la leche la socia lo vende en el mercado, la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,la socia se dedica a estos negocios 7 años y le va muy bien, la socia por medio de estos negocios la socia quiere que sus hijos terminen de estudiar, el sueño de la socia es ampliar el negocio de venta de verduras y venta de leche. La socia solicita el préstamo para comprar tomates, zanahorias, lechugas y zapallos y tambien para que compre leche.
Los socios que están tapados sus rostros con un circulo ya no pertenecen la banco comunal Virgen Asunta.
Los otros socios se dedican al negocio de crianza de animales, negocio de venta de comida, negocio de venta de tienda de abarrotes, negocio de venta de trucha y negocio de venta de pollos.
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 Details(In the photograph, the group member Francisca is raising her hand.) Señora Francisca, who is 30 years old, was born in the province of Paruro (Cusco) and now lives in the community of Hospitalpampa in the Anta district in Anta province of the department of Cusco. Twenty-two years ago she settled… More from Virgen Asunta 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