Dos De Mayo Group
Update on Dos De Mayo GroupThe members belong to the communal bank "Dos de mayo" ["Second of May"]. This bank is located in the district of Cusco, which is part of the Cusco province and the Cusco region.
The member, Luzgarda, is 50 years old and married, and has 3 children. She alternates her daily activities with her business selling beauty products like colognes, perfumes, and creams, among other products. She travels to different neighbourhoods to sell to friends and relatives, who place orders with her. She has been in this business for years, and it is going well thanks to the hard work she puts in everyday. She is a responsible and hardworking person, and it is in this way that she supports her family.
She is asking for this loan to purchase merchandise like perfumes and colognes.
The other members work selling clothes, raising small animals, selling dried grains, in grocery stores, as taxi drivers, as a lawyer and as a public service worker.
The members that appear in the accompanying photo asked permission to arrive late to the meeting because of work commitments.
Luzgarda feels grateful for the loan and is committed to meeting the set payment deadlines.
La socia Luzgarda tiene 50 años de edad ,03 hijos y es casada, la socia alterna sus actividades diarias con el negocio de venta de productos de belleza como colonias, perfumes, cremas entre otros, la socia vende de forma ambulatoria a sus amistades y familiares, que le solicitan, 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 de esta forma que la socia saca adelante a su familia.
La socia solicita el préstamo para la compra de mercadería como perfumes y colonias.
Los otros socios se dedican a la venta de ropa, crianza de animales menores, venta de granos secos, tienda de abarrotes, taxistas, abogado y trabajador público.
Los socios que salen en la foto adjunta pidieron permiso para llegar tarde a la reunión por motivos de trabajo.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsThe members belong to the communal bank "Dos de Mayo" They are located in the Cusco district, part of the Cusco province and Cusco region. The member, Eusebia, is 40, single and has two children. She works as travelling firewood salesperson and works from 8am to 6pm. She also has a business… More from Dos De Mayo 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