Update on Pumamarca GroupThese members belong to the Communal Bank “Pumamarca” which is located in the District of San Jeronimo in Cusco Province, Department of Cusco.
Sra. Vicentina is one of the members. She is 27 years old, in a common-law relationship, and has four children. Vicentina divides her time between her daily activities and her business of selling vegetables such as carrots, tomatoes, onions, and other products. She has been in this business for years and has done well thanks to the effort she puts into her work each day. Vicentina sells her merchandise as a street vendor at the entrance of one of the markets in the city of Cusco. She also spends some time raising small animals, such as guinea pigs and chickens. The animals are sold to customers who often request them. Vicentina is a responsible and industrious individual who works in this manner so that she can move her family forward.
The loan she is requesting will be used to buy merchandise, such as carrots in bulk. The other members engage in businesses that involve agriculture, selling vegetables, raising small animals, selling flowers, carpentry, and construction work.
The members who appear in the smaller attached photos requested permission to arrive late to the team meeting.
Vicentina is grateful to those who have helped to fulfill her dream, so she promises to complete her payments according to the established terms.
La socia es la Sra. Vicentina ella es conviviente y tiene 27 años y tiene 4 hijos; La socia alterna sus actividades diarias con el negocio de venta de verduras como zanahorias,tomates,cebollas entre otros, la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia vende su mercadería de forma ambulatoria en la puerta de uno de los mercados de la ciudad de Cusco, la socia a la vez se dedica a la crianza de animales menores como cuyes y gallinas ,la socia cría a estos animalitos para luego venderlos a sus clientes que más le solicitan ,la socia es una persona responsable y empeñosa siendo de de esta forma que la socia saca adelante a su familia.
La socia solicita el crédito para la compra de mercadería como zanahorias al por mayor.
Los otros socios se dedican a la agricultura, venta de verduras, crianza de animales menores, venta de flores, carpintería, construcción.
Los socios que salen en la foto adjunta son socios que pidieron permiso para llegar tarde a la reunión de equipo.
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 city of Pumamarca is a community that forms part of the district of San Jerónimo in the larger city of Cusco. Pumamarca is characterized by having agricultural and livestock zones. Several years ago a group of neighbors and friends formed a communal bank called Pumamarca, currently in its 7th… More from Pumamarca 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