Vamos Juntos Group
Update on Vamos Juntos GroupThese members are part of the Communal Bank “Vamos Juntos” (We Go Together). This bank is located in the District, Province, and Department of Cusco.
One of the members is Sra. Juana. She is 47 years old, married, and has two children. Juana divides her time between her daily activities and her business of selling sweets such as cookies, candy, lollipops, chocolates, and other items. She has been in this business for years and has done well thanks to the effort she puts into her work each day. Juana sells every day as a street vendor. She has a cart that is set up at the entrance of one of the children’s parks in the city of Cusco. Juana is a responsible and diligent individual who works in this manner so that she can help her family move forward. The loan she is requesting will be used to buy merchandise such as cookies, chocolates, and other items for her business.
The other members engage in business activities such as managing a travel agency, working as a master builder, selling shoes, selling dairy products, selling food, producing artwork, making candy, making cakes, and managing a beauty salon. The smaller photo shows the members who requested permission to arrive late to the meeting because of work reasons.
Juana is grateful to those who have helped fulfill her dream in this manner, so she is promises to complete her payments according to the established terms.
La socia es la Sra. Juana ella es casada ,tiene 47 años y tiene 2 hijos; La socia alterna sus actividades diarias con el negocio de venta de golosinas como galletas, dulces, chupetines, chocolates entre otros, la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia vende en una carreta todos los días durante el dia,la socia vende de forma ambulatoria en la puerta de uno de los parques infantiles de la ciudad de Cusco, la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el crédito para la compra de mercadería como galletas, chocolates entre otros para su negocio.
Los otros socios se dedican al negocio de agencia de viajes, maestro constructor, venta de zapatos, venta de lacteos, venta de comida, artista, venta de turrones, elaboración de tortas, peluquería.
Las socias que salen en la foto adjunta 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 DetailsThe members belong to the “Vamos Juntos” Communal Bank. This bank is located in Cusco District, belongng to Cusco Province in the department of Cusco. The member is Sra. Juana who is married, 47 years old and has two children. She works running her grocery store business where she sells basic… More from Vamos Juntos 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