Emprendedores De San Cristobal Group
Update on Emprendedores De San Cristobal GroupThe communal bank Emprendedores de San Cristóbal was formed by a group of friends and neighbors from the district of Cusco, in Cusco province, department of Cusco. This communal bank comprises several people who are always looking for opportunities to get ahead and to give their children a better future through their daily effort.
Nieves is one of this communal bank's members. She is sixty years old, married, and has two children from this beautiful relationship. She was born in the heart of the village of Quincemil, but currently lives in the beautiful city of Cusco. She works selling men, women, and children's shoes. She has been in this business for several years and it is going very well. This time Nieves needs a loan in order to purchase more merchandise - such as school shoes - because the school season is about to begin.
The other members work selling beauty products, shoes, groceries, lubricants, spare parts for computers, and clothing.
All of the members appreciate the opportunity being offered and promise to timely comply with their different installment payments.
(The person in the lower picture was late for the meeting.)
Nieves es miembro del banco comunal tiene 60 años de edad es casada y fruto de esta hermosa relación tiene dos hijos, ella nació en el centro poblado de Quincemil pero actualmente vive en la hermosa ciudad del Cusco, ella se dedica a la venta de zapatos para niños, damas y caballeros. Ya son varios años que se dedica a este negocio y le va muy bien. Nieves en esta oportunidad requiere el préstamo para comprar mas mercadería como zapatos escolares pues se está acercando la campaña escolar.
Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos. (La persona que aparece en la parte inferior de la fotografía llego a tarde a la reunión.
Previous Loan DetailsThis member belongs to the communal bank Emprendedores San Cristobal, which is located within the district of Wanchaq, in the province of Cusco and the department of Cusco. Member Sayda is 36 years old, married, and has three children. She alternates between her daily activities and her busine... More from Emprendedores De San Cristobal 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