La Gran Alianza Group
Update on La Gran Alianza GroupThese members belong to the communal bank "La Gran Alianza" (The Great Alliance). This group is located in the district of Cusco, which belongs to the province and department of Cusco.
One member is Señora Modesta. She is a widow. She is 40 years old and has 5 children. She alternates her daily activities with her business of raising small animals such as guinea pigs and chickens. She has had this business for years, and it is going well for her thanks to the effort that she puts into it every day. She raises these little animals to later sell them to her customers, who request them from her. She is a responsible person, since in this way she is raising her family. She is applying for the loan to buy guinea pigs for her business.
The other members work in carpentry, selling chicha (a local beverage), selling trimmings for sewing, selling candy, a restaurant, printing, selling beauty products, grocery store, and a ceviche restaurant.
This bank member [Señora Modesta] is grateful to those who form part of her dream through this means, and she promises to make her payments on time.
La socia es la Sra. Modesta ella es viuda, tiene 40 años y tiene 5 hijos; La socia alterna sus actividades diarias con el negocio de crianza de animales menores como cuyes y gallinas, la socia lleva años en este negoció el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia cría a estos animalitos para luego venderlos a sus clientes que las le solicitan, la socia es una persona responsable siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el crédito para la compra de cuyes para su negocio.
Los otros socios se dedican al negocio de carpinteria, venta de chicha, venta de pasamanería, venta de golosinas, restaurante, imprenta, venta de productos de belleza, tienda de abarrotes, cevicheria.
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 DetailsThis member belongs to communal bank "La Gran Alianza" ("The Great Alliance"). The bank is located in the district of Huanchac, in the province of Cusco, deparment of Cusco. The member is young Meyer. He's 18 years old, single and works in an auto repair shop. During his free time, he attends the… More from La Gran Alianza 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