Dos De Mayo Group
Update on Dos De Mayo GroupThe members belong to the communal bank "Dos de Mayo" They are located in the Cusco district, part of the Cusco province and Cusco region.
The member, Eusebia, is 40, single and has two children. She works as travelling firewood salesperson and works from 8am to 6pm. She also has a business selling fruit and vegetables, such as tomatoes, carrots, onions, apples, bananas, oranges and grapes. She sells the fruit and vegetables at the market.
These businesses are the member's way of supporting her children. Her dream is to have a shop where she can sell the fruit, vegetables and firewood. The member is requesting this loan so she can buy wholesale fruit and vegetables like apples, mandarins, grapes and bananas as well as onions, carrots and tomatoes.
The members whose pictures are stuck to the group photo, had their photos taken later because of their work commitments.
The other members have various trades such as a grocery store, clothes store, restaurant and photography business.
The member is grateful to those who are helping towards her dream in this way and is committed to making payments according to the agreed schedule.
La socia es la Sra. Eusebia ella es soltera y tiene 40 años y tiene 2 hijos; La socia trabaja en su negocio de venta de leña,las ocia vende leña en forma ambulatoria desde las 8:00 a.m hasta las 6:00 p.m,la socia tambien se dedica al negocio de venta de frutas y verduras como tomates,zanahorias,cebollas,manzanas,platanos,naranjas y uvas,la socia las frutas y verduras lo vende en el mercado,por medio de estos negocios la socia saca adelante a sus hijos,el sueño de la socia es tener un local donde pueda vender las frutas,verduras y leña. La socia solicita el préstamo para comprar frutas y verduras como manzanas,mandarinas,uvas y platanos y tambien cebollas,zanahorias y tomates al por mayor.
Los socios que estan pegados a la foto grupal,se les tomo despues la foto porque pidieron permiso por motivos de trabajo.
Los otros socios se dedican al negocio de venta de tienda de abarrotes, negocio de venta de ropa, negocio de restaurant y negocio de fotografias.
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 DetailsOur members make up the “DOS DE MAYO” (May 2) communal bank. They live in Cusco’s Huanchac district and meet monthly in Arariwa’s offices. Our featured member is Martha, 43. She is a single mother of two children. She alternates her household chores with retail: she sells nutritional… More from Dos De Mayo 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