Señor De Puquin Group
Update on Señor De Puquin GroupJulia is 41 years old and is in a relationship that has produced two children. She was born in the province of Anta, Peru. She makes a living selling clothes, such as shirts, pants, sweaters and other items. She has done this job for a number of years and it is going very well. Julia is a responsible and hardworking person who has made headway for her family. She is requesting the loan to purchase more supplies, like clothes for men, women and children. She feels grateful for the loan and promises to make her payments on time. Julia is the one raising her hand in the photograph. The other members make a living working on shoes, providing taxi service, selling food, selling arts and crafts and selling vegetables. All of the members are happy about the support and promise to make their payments on time.
Los otros socios se dedican a la renovar zapatos, brindar servicio de taxi, venta de comida, venta de artesanía y venta de verduras.
Todos se encuentran feliz por el apoyo y se comprometen a cumplir con los pagos de su cuota.
Previous Loan DetailsSanta Virginia’s a member of the “Señor de Puquin” communal bank which is located in Wanchaq District in Cusco Province and Department. She’s 39-years-old, married and has four children. She alternates her daily activities with selling crafts. She knits items like sweaters, shawls and gloves, ... More from Señor De Puquin 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