Plan Director - Cusco Group
Update on Plan Director - Cusco GroupIntroducing Rosa, a member of “Plan Director Cusco” (Project Principal – Cusco), a Communal Bank located in Wanchaq, a district of the province and department of Cusco.
Rosa is 44 years old, she is married and she has 3 children. She alternated her daily chores with her activity, selling beauty products such as cologne, perfumes and creams. She works independently, selling her products to friends, relatives and to customers who place orders with her. She has been engaged in this activity for a few years, and things are going well thanks to the dedication she daily works with. Rosa is a responsible and persevering person, as through this activity she provides for her family.
She is requesting a loan to buy products such as perfumes for her activity.
The members pictured in the separate photo have required permission to be late for the meeting due to their working engagements.
Some of the other members sell computers, while other will pay for various education costs, such as presenting dissertations, formalizing degrees, tuitions and Bachelor’s Degrees.
Rosa is grateful for the loan she has received and she commits to complying with the repayments of her dues according to schedule.
La socia Rosa tiene 44 años de edad ,03 hijos y es casada, la socia alterna sus actividades diarias con el negocio de venta de productos de belleza como colonias, perfumes, cremas entre otros, la socia vende de forma independiente a sus amistades,familiares y clientes que le solicitan, 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 es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el préstamo para la compra de mercadería como perfumes para su negocio.
Los socios que salen en la foto adjunta son socios que pidieron permiso para llegar tarde a la reunion por motivos de trabajo.
Los otros socios se dedican a la venta de computadoras y el resto de socios invertirán en sus estudios como tesis, diplomado, pensiones de la universidad y bachillerato.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsThis member belongs to the community bank Plan Director - Cusco [Project Principal - Cusco]; this bank is located in the district of Wanchaq, in the province and department of Cusco. Elizabeth is 30 years old, married with one child. She alternates her daily activities working Monday to Frida... More from Plan Director - Cusco 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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