Los Perseverantes Group
Update on Los Perseverantes GroupA group of neighbors and friends for the community bank "Los Perseverantes" (The Persistent), from the Cusco district in the province of Cusco, in the department of Cusco. This community bank is formed of various people that are looking at every moment for opportunities to get ahead, and with their daily effort create a better future for their children.
Celia was born in the city of Cusco and is 54 years old. She is mother and father to her six children. She is a responsible person who works selling basic necessities such as rice, sugar, milk, oil, and other things. She works from 5:00 am until 10:00 pm or until the bread of the day runs out. She has worked in this business for three years and is doing very well. She also has a small restaurant where she makes breakfasts, lunches, and dinners. For this opportunity, she requires a loan in order to purchase merchandise, such as sacks of rice, sugar, boxes of milk, and drums of oil.
The other members work in the following ways: making sweaters, selling vegetables, selling cosmetics and others offer professional services. The members are thankful for the opportunity, and promise to pay their different payments per the established schedule. (The people who appear in the bottom part of the picture arrived late to the meeting).
Celia nació en la ciudad del Cusco y tiene 54 años de edad y es madre y padre para sus 6 hijos, ella es una persona responsable se dedica a la venta de productos de primera necesidad como por ejemplo arroz, azúcar, l eche, aceite y otras cosas más, ella trabaja desde las 5:00 a.m. hasta las 10:00 p.m. o hasta que se termine el pan del día, ella ya tiene 3 años en este negocio y le va muy bien, además ella tiene un pequeño restaurant donde prepara desayunos, almuerzos y cenas, ella en esta oportunidad requiere el préstamo para comprar mercadería como por ejemplo sacos de arroz, sacos de azúcar, cajas de leche y bidones de aceites.
Los demás socios se dedican al negocio de; elaboración de chompas, venta de verduras, venta de cosméticos y otros ofrecen servicios profesionales. Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos. (Las personas que aparecen en la parte inferior de la fotografía llegaron tarde a la reunión).
Previous Loan DetailsThe members belong to “Los Perserverantes” Communal Bank, located in the district, province, and department of Cusco. Celia is 53 years old, and single with six children. She owns a grocery store and sells staples such as rice, sugar, milk, and oil. She works from 5:00 am until 10:00 pm. She ... More from Los Perseverantes 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.
33View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Feb 5, 2013
- Mar 3, 2013
- Currency Exchange Loss:
- Jul 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.