Los Andenes Group
Update on Los Andenes GroupThe members belong to the communal bank "Los Andenes." The bank is located in the district of Cusco, pertaining to the province of Cusco and the department of Cusco.
The member is Roxana. She is single and 31 years old. She works in a public company of the city of Cusco, working from 8 am until 5 pm. She also just opened a restaurant, hiring a cook and a waiter to run it because she doesn't have time because she works almost the entire day. She has worked 5 years in her position, and through this work she hopes to get ahead. In her free time she likes to cook tortas. Her dream is to have a larger place for her restaurant. She requests a loan to buy cooking products like chicken, meat and vegetables, and also to buy pots, plates and spoons for the restaurant.
The other members work in a grocery store, a room renting business, a taxi business and a restaurant.
She thanks those who form part of this dream through these means, and promises to complete her payments in the established time.
La socia es la Sra. Roxana ella es soltera y tiene 31 años; La socia trabaja en una empresa publica de la ciudad de Cusco,la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,la socia también acaba de abrir su restaurant,ella contrata un acocinera y un mozo para que en su restaurant atiendan porque ella no tiene tiempo porque trabaja casi todo el dia,la socia ya tiene en su trbajo 5 años y por medio de este trbajo la socia quiere salir adelante,en sus tiempos libres a la socia le gusta preparar tortas,el sueño de la socia es temner un locla mas amplio para su restaurant. La socia solicita el préstamo para comprar productos para cocinar como pollo,carne y verduras y también para comprar ollas,platos y cucharas para el restaurant.
Los otros socios se dedican al negocio de tienda de abarrotes, negocio de alquiler de habitaciones, negocio de servicio de taxi 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 DetailsA group of neighbors and friends formed the Los Andenes communal bank in the Cusco district. This communal bank is comprised of ten people who are looking every minute for opportunities to get ahead. With daily effort they look to give their children a better future. The business activities of… More from Los Andenes 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.
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Success!! The loan was 100% repaid