Los Inversionistas Exitosos Group
Update on Los Inversionistas Exitosos GroupThe "Inversionistas Exitosos" [Successful Investors] is a communal bank that is part of Asociación Arariwa. The majority of the members are friends and neighbors and have a good relationship with each other. The members are hardworking and enterprising people who are always seeking opportunities to get ahead and to offer their children a better future through their daily efforts.
John (the member with his hand raised in the picture) is a 31-year-old man who lives in the city of Cusco. Cusco is known for being popular with tourists, for its commerce, for its traditional celebration of Inti Raymi, and for being home to one of the seven wonders of the world, Machupicchu. John is a professional who studied in one of the most prestigious schools in the city of Cusco. John, in partnership with his brother, has a bar in the city of Machupicchu. They have run this business for several years already, and it is going very well for them. At this time, John needs the loan so he can equip the bar. He would like to buy chairs, pitchers, and other items.
El socio John tiene 31 años edad y vive en la ciudad del Cusco (Cusco es conocido por ser una zona muy turística, comercial, por su fiesta tradicional del Inti Raymi y porque se encuentra una de las siete maravillas del mundo “Machupicchu”.). El socio John es profesional estudio en una de las escuelas más prestigiosas de la ciudad del Cusco. El socio John en sociedad con su hermano tienen un bar en la ciudad de Machupicchu. Ya son varios años que se dedican a este negocio y les va muy bien. En esta oportunidad John requiere el préstamo para implementar el bar y desea comprar sillas, jarras y otras cosas más.
Previous Loan DetailsSujay belongs to the “Los Inversionistas Exitosos” (Successful Investors) communal bank located in Wanchaq District in Cusco Province and Department. She alternates her daily activities with the sale of beauty products like creams, perfume and cologne, among others. She sells from place to plac... More from Los Inversionistas Exitosos 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