Los Perseverantes Group
Update on Los Perseverantes GroupThe members belong to “Los Perserverantes” Communal Bank, located in the district, province, and department of Cusco. Celia is 53 years old, and single with six children. She owns a grocery store and sells staples such as rice, sugar, milk, and oil. She works from 5:00 am until 10:00 pm. She has been in this business for three years already and also owns a small restaurant where she prepares breakfasts, lunches, and dinners. She has been in the restaurant business for one year. By means of these businesses, she gets her children ahead. Her dream is to expand her restaurant and grocery store. She is requesting this loan to purchase products for her grocery store such as rice, sugar, milk, and oil.
The photos attached to the group photo are of members who had asked permission to have their photos taken at a later date because of work. Other members are engaged in various businesses such as food sales, restaurants, internet services, and bread sales. Celia is grateful to those who are part of her dream through this means, and is committed to making her payments according to the established terms.
La socia es la Sra. Celia ella es soltera y tiene 53 años y tiene 6 hijos; La socia trabaja en su negocio de tienda de abarrotes, ella vende productos de primera necesidad como arroz,azúcar,leche y aceite, la socia trabaja desde las 5:00 a.m hasta las 10:00 p.m,la socia ya tiene 3 años en este negocio y también tiene un pequeño restaurant donde prepara desayunos, almuerzos y cenas la socia este negocio de restaurant tiene 1 año, por medio de estos negocios la socia saca adelante a sus hijos, el sueño de la socia es ampliar el negocio de restaurant y tienda de abarrotes. La socia solicita el préstamo para comprar productos para la tienda de abarrotes como arroz, azúcar, leche y aceites.
Los socios que estan pegados a la foto grupal se les tomo despues la foto porque pideron permiso por motivos de trabajo.
Los otros socios se dedican al negocio de venta de comida, negocio de restaurant, negocio de internet y negocio de venta de pan.
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 DetailsThese are the members of the communal bank "Los Perseverantes." This bank is located in the Cusco district, in the province and department of Cusco. The member Santusa is 50 years old, married, and has 3 children. She has a business selling cheese and yogurt. She prepares the cheese and yog... More from Los Perseverantes 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