Emprendamos El Futuro Group
Update on Emprendamos El Futuro GroupThe members belong to the communal bank "EMPRENDAMOS EL FUTURO". This bank is located in the Cusco area in the province of Cusco, which is in the Cusco region.
The member requesting the loan is Andrea. She is a widow. She is 66 years old and has 8 children. She divides her time between her daily activities and her grocery store. She sells different types of products, such as rice, sugar, sweets and soft drinks, etc. She has been operating this business for many years, and it is going well thanks to the hard work she puts in every day. She works in her business Monday to Sunday, from 06:00am to 09:00pm approximately, although this schedule may change depending on what is going on during the day. This member is a responsible and hardworking person. In this way she can make a better life for her family.
She is requesting the loan to buy stock, such as rice and milk, for her business.
The other members have a book selling business, sell craftwork, sell clothes, online games, and work in private companies.
The woman in the smaller photo asked permission to arrive late to the meeting because of work commitments.
The member is grateful to those who are sharing her dream in this way. She is committed to making the payments according to the schedule.
La socia es la Sra. Andrea ella es Viuda tiene 66 años y tiene 8 hijos; La socia alterna sus actividades diarias con el negocio de tienda de abarrotes, la socia vende diferentes tipos de productos como arroz, azucar,leche,golosinas,gaseosas entre otros, 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 trabaja en su negocio de lunes a domingo desde las 06:00am hasta las 09:00pm aproximadamente aunque este horario puede variar de acuerdo a las actividades que pueda tener en el dia,la socia es una persona responsable y empeñosa siendo e esta forma que la socia saca adelante a su familia.
La socia solicita el crédito para la compra de mercadería como arroz y leche para su negocio.
Los otros socios se dedican al negocio de librería, venta de artesania, venta de ropa, juegos en línea, trabajando en empresas privadas.
La persona que sale en la foto adjunta es socia que pidió permiso para llegar tarde a la reunión por motivos de trabajo.
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 DetailsGloria was born in the city of Cusco, Cusco Department. She currently lives in the city of her birth. (In the photo, Gloria is raising her hand). Gloria is both mother and father for her two children (Mateo, 8 and Carmen, 5). She’s a hardworking mother who supports her children. She’s a teac... More from Emprendamos El Futuro 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