Update on Lucero GroupThese are members of the Lucero Communal Bank. This bank is located in the district of Cusco, in the province and department of Cusco.
This member is Bony. She is married, 59 years old, and she has two children. She alternates her daily activities with her grocery store business. She sells different kinds of products, such as rice, sugar, milk, candy, and soft drinks, among other things. She has been in this business for years and it is doing well because of the effort she puts into it every day. She is a responsible and hardworking person, which is how she is getting her family ahead.
She is asking for a loan to buy merchandise, such as rice and milk, for her business.
The other members sell wine, run a grocery store, and work in carpentry for a living, and there are also members who work for private businesses.
The members appearing in the attached photo asked permission to arrive late to this meeting for work reasons.
Boni thanks all those who are a part of this dream and she promises to make her payments on time.
La socia es la Sra. Bony ella es casada tiene 59 años y tiene 2 hijos; La socia alterna sus actividades diarias con el negocio de tienda de abarrotes, la socia vende diferentes tipos de productos como arroz, azucar, leche, golosinas, gaseosas 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 es una persona responsable y empeñosa siendo e esta forma que la socia saca adelante a su familia.
La socia solicita el crédito para la compra de mercadería como arroz y leche para su negocio.
Los otros socios se dedican al negocio de venta de vino, tienda de abarrotes, carpintería y socios que trabajan en empresas privadas.
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 DetailsThese members belong to the “Lucero” Communal Bank, which is located in the district of Cuzco, part of Cuzco Province and Cuzco Department. The featured member is Sra. Ines, who is 42 years old, married and has two children. She has a business selling handicrafts and both she and her husband… More from Lucero 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