Virgen Del Carmen Group
Update on Virgen Del Carmen GroupThe "Virgen del Carmen" community bank is located in the district of Wanchaq, province and department of Cusco, Peru. One of the members is Maritza, who is a 33-year-old married mother of three. She makes a living selling juices and breakfasts. She has been with the business only a short time, but it is going well thanks to the hard work she puts into it every day. At the same time, she works as a security guard at one of the city markets in Cusco, the same place where she sells her breakfasts. Maritza is a responsible and hardworking person who wants to make headway for her family. She is requesting the loan to purchase ingredients, such as sugar, milk and fruit, for her business. The other members make a living as a teacher, a public worker and selling food, plastics, clothing and CDs. The two people added to the photo are members who requested permission to arrive late to the meeting because of their work. The members thank those who helped them through this medium and promise to make their payments in the established period.
La socia es la Sra. Maritza ella es casada y tiene 33 años y tiene 3 hijos; La socia alterna sus actividades diarias con el negocio de venta de jugos y desayunos, la socia lleva poco tiempo en este negocio el cual le esta va bien gracias al empeño que le está poniendo cada día a su negocio ,a la vez la socia trabaja de guardiana en uno de los mercados de la ciudad de Cusco lugar también donde vende sus desayunos, la socia es una persona responsable y empeñosa siendo está forma que la socia saca adelante a su familia.
La socia solicita el crédito para la compra de insumos como azucar, leche y fruta para su negocio.
Los otros socios se dedican al negocio de venta de comida, plastiqueria, venta de ropa, venta de cds, docente, trabajador para una institución pública.
Las personas que salen en la foto adjunta son socios que pidieron 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 DetailsLucia is a member off the “Virgen del Carmen” communal bank located in Wanchaq District in Cusco Province and Department. She alternates her daily chores with a business selling basic staple items like rice, sugar, milk, snacks and soft-drinks, among others. She works from 9am until 5pm approxi... More from Virgen Del Carmen 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