Nueva Esperanza Group
Update on Nueva Esperanza GroupThese are the members of the “Nueva Esperanza” communal bank, located in the Cusco district, province, and department of Cusco.
Silvia is 40 years old, married, and has three children. She works in her snack café business preparing sandwiches, empanadas, bread with chicken, soft drinks, and ice cream from 9:00 am to 9:00 pm and has been doing this for eight years. Things are going very well for her. She likes to make tortas in her spare time. Her dream is to expand her business and she is asking for this loan to buy ingredients such as chicken, bread, soft drinks, meat and vegetables.
The other members have businesses such as: food sales, groceries, taxi services, and clothing sales.
She is grateful to those who form a part of this dream and promises to make her payments on time.
La socia es la Sra. Silvia ella es casada y tiene 40 años y tiene 3 hijos; La socia trabaja en su negocio de snack cafetería, la socia prepara sándwiches, empanadas, pan con pollo, gaseosas y helados, la socia trabaja desde las 9:00 a.m hasta las 9:00 p.m, la socia ya tiene 8 años en este negocio y le va muy bien, en sus tiempos libres la socia le gusta preparar tortas, el sueño de la socia es ampliar el negocio de snack cafetería. La socia solicita el préstamo para comprar productos para cocinar como pollo, panes, gaseosas, carne y verduras.
Los otros socios se dedican al negocio de venta de comida, negocio de tienda de abarrotes, negocio de servicio de taxi y negocio de venta de ropa.
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 DetailsA group of friends and neighbors formed the communal bank "Nueva Esperanza" in the city of Cusco. This bank is made up of people who are always seeking new opportunities to get ahead. They work hard each day to provide a better future for their children. They have a variety of businesses,… More from Nueva Esperanza 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