Juntas Y Unidas Group
Update on Juntas Y Unidas GroupA group of friends and neighbors formed the "Juntas y Unidas" communal bank in Cusco district, in the province of Cusco. The communal bank has operated for several years now and is well organized.
This communal bank is made up of people who continually seek opportunities to succeed, and through their daily effort to provide a better future for their children.
The livelihoods of the members include: selling construction materials, selling cosmetics and selling food. Others provide tourism services.
Maruja is raising her hand in the photo. Maruja lives in the beautiful city of Cusco, where she carries on various types of work. Maruja's main business is making photocopies, and for this she has a small shop and several photocopiers. She has been working in this business for several years now, and it is going very well. On this occasion she needs a loan to buy paper.
All of the members are grateful for the opportunity provided, and promise to make their various installment payments as scheduled.
Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos.
Previous Loan DetailsSra. Luisa belongs to the “JUNTAS Y UNIDAS” Communal Bank. The bank is located in Huanchac district, belonging to Cusco Province and Cusco Department. Luisa is 44 years old and married with 3 children. She divides her time between her business buying and selling books and also selling cosmetic... More from Juntas Y Unidas 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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