Jardines De La Luz Group
Update on Jardines De La Luz GroupThese members belong to the “JARDINES DE LA LUZ” communal bank. It is located in the Cuzco district, which belongs to the province and department of Cuzco.
This member's name is Ana Paula. She is single and 19 years old. She works in her business, which is a cafe. She makes meals and sandwiches and empanadas and sells sodas. She works from 8:00 a.m. until 5:00 p.m. She has had this business for 3 years. She manages the cafe with her mother. In her free time she likes to go out. With the loan she will buy products to cook such as bread, meat, chicken and vegetables.
The members who are pasted to the group photo were photographed after the meeting because they had to miss due to work reasons. The other members work selling flowers, in a cafe, raising animals, and selling agricultural products.
Ana Paula is grateful to the people who have been a part of this dream in this way and is committed to making her payments on time.
La socia es la Sra.Ana Paula ella es soltera y tiene 19 años; La socia trabaja en su negocio de cafetín, la socia trabaja preparando comida y también sandwichs y empanadas,la socia vende gaseosas,la socia trabaja desde las 8:00 a.m hastas las 5:00 p.m,la socia tiene este negocio 3 años que junto con su mama lo administra el cafetin,en sus tiempos libres a la socia le gusta salir a pasear. La socia solicita el préstamo para comprar productos para cocinar como panes, carne, pollo y verduras.
Los socios que estan pegados a la foto grupal se le tomo despues de la reunion la foto porque pidieron permiso por motivos de trabajo.
Los otros socios se dedican al negocio de floreria, negocio de cafetin, negocio de crianza de animales y negocio de venta de agricultura.
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 DetailsThis member belongs to the communal bank "JARDINES DE LA LUZ" which, because it is new, is a small group just starting to obtain loans and hoping to grow. It is located in the city of Cusco in the district of Poroy, inside a cemetery by the same name in the province and department of Cusco. O... More from Jardines De La Luz 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