San Roque Group
Update on San Roque GroupThe partners belong to the communal bank "SAN ROQUE." This bank is located in the Cusco district of the Cusco providence, which is located in the Cusco department.
One partner is Silvia Virgina, who is 35 years old with two children. The partner works in her baking business, preparing different breads and cakes that she later distributes to various cake shops. She works from 8:00 am until 5:00 PM. She has worked in this business for 7 years and it is going very well for her. The business has moved her children ahead and her ahead. Her dream is to expand the baking business. She is asking for a loan to buy ingredients to make bread, such as flour, butter, and eggs. The other partners dedicate themselves to the businesses of animal care, selling food, artensanry, and selling animals.
The partner is grateful to those who take part in this dream through these means and commits herself to completing her quota payments in the established time span.
La socia es la Sra. Silvia Virginia ella es conviviente y tiene 35 años y tiene 2 hijos; La socia trabaja en su negocio de panadería, la socia prepara diferentes panes y pasteles y luego lo distribuye a als diferentes pastelerías, la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,la socia ya tiene en este negocio 7 años y le va muy bien, por medio de este negocio la socia saca adelante a sus hijos, el sueño de la socia es ampliar el negocio de panadería. La socia solicita el préstamo para comprar insumos para preparar panes como harina, mantequilla y huevos.
Los otros socios se dedican al negocio de crianza de animales, negocio de venta de comida, negocio de artesanía y negocio de venta de animales.
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 DetailsDavid belongs to the “San Roque” communal bank located in Andahuaylillas District belonging to Quispicanchis Province and Cusco Department. He’s 20-year-old and single. He alternates his daily activities with providing taxi services. He works for a few hours during the day since he’s also… More from San Roque 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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Oct 18, 2012
- Nov 17, 2012
- Currency Exchange Loss:
- Mar 15, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.