Solidaridad 2011 Group
Update on Solidaridad 2011 GroupThese are the members of the “Solidaridad 2011” communal bank, located in the district, province, and department of Cusco.
Miluska is single, 35 years old, and has two children. She has a bookstore, sells pencils, notebooks, erasures, and paper, and works from 8:00 am to 7:00 pm. She’s had this business for two years and things are going well for her. She used to work as a secretary, but the she did not earn enough money for the household. Her dream is to expand her business and will use the money from this loan to buy notebooks, pencils, erasures and paper.
The other members sell stuffed animals, groceries, hardware, and raise animals.
The member with his face covered left the Solidaridad 2011 communal bank due for reasons of work.
[Miluska] is grateful to those who form part of this dream in this way and promises to make her payments within the established timeline.
La socia es la Sra. Miluska ella es soltera y tiene 35 años y tiene 2 hijos; La socia trabaja en su negocio de librería, la socia vende lapiceros,cuadernos,borradores y papeles, la socia trabaja desde las 8:00 a.m hasta las 7:00 p.m,la socia ya tiene 2 años en este negocio y le va muy bien antes al socia trabajaba como secretaria pero el dinero que ganaba no le alcanzaba para el diario de su casa, el sueño de la socia es ampliar el negocio de librería. La socia solicita el préstamo para comprar cuadernos, lapiceros, borradores y papeles.
Los otros socios se dedican al negocio de venta de peluches, negocio de tienda de abarrotes, negocio de crianza de animales y negocio de ferretería.
El socio que esta tapado su cara con un circulo, se retiro del banco comunal Solidaridad 2011 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 “Solidaridad 2011” communal bank located in Cusco District belonging to Cusco Province and Cusco Department. Nélida, 25, has a spouse and two children. She alternates her daily chores with a furniture making business with her husband; they make various styles of ea... More from Solidaridad 2011 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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