Update on Lucero GroupThese members belong to the “Lucero” Communal Bank, which is located in the district of Cuzco, part of Cuzco Province and Cuzco Department.
The featured member is Sra. Ines, who is 42 years old, married and has two children. She has a business selling handicrafts and both she and her husband make the crafts, such as Cuzcan paintings. Ines paints traditional pictures of the city of Cuzco and has had this business for 15 years. Moreover she enjoys painting and drawing very much and also takes her pictures to places like Bolivia and Brasil.
Through this business this member is helping her children get ahead. Her dream is to own a store where she can sell her pictures. This member is requesting the loan to purchase materials, such as paints, wood, oils and paintbrushes in order to continue painting her Cuzcan pictures.
The other members have businesses selling groceries, furniture, sweets and running a restaurant.
This member is grateful to those who are part of making her dreams come true in this way and is committed to making her payments within the established time period.
La socia es la Sra. Ines ella es casada y tiene 41 años y tiene 2 hijos; La socia trabaja en su negocio de venta de artesanía, la socia junto con su esposo realizan trabajos de artesanía como pinturas cusqueñas, ella pinta cuadros de pintura cusqueña que son muy tradicionales de la ciudad de Cusco, la socia tiene 15 años en este negocio y a ella le gusta mucho pintar y dibujar, también sus cuadros lo envía a lugares como Bolivia y Brasil, por medio de este negocio la socia saca adelante a sus hijos y su sueño es tener un tienda donde pueda vender sus cuadros. La socia solicita el préstamo para comprar materiales como pinturas, maderas, oleos y pinceles para que siga pintando sus cuadros cusqueños.
Los otros socios se dedican al negocio de venta de tienda de abarrotes, negocio de venta de muebles, negocio de venta de golosinas y negocio de restaurant.
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 members of the “Lucero” communal bank meet every thirty days in the micro-finance offices of the Asociación Arariwa in the city of Cusco. Currently this communal bank is in its 11th loan cycle. It is made up of 18 hardworking and entrepreneurial people who look for every opportunity to get ah... More from Lucero 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