Virgen Natividad De Chuso Group
Update on Virgen Natividad De Chuso GroupThe members belong to the communal bank "VIRGEN NATIVIDAD DE CHUSO." This bank is located in Chinchero district, which belongs to Chinchero province in Cusco department.
The member is Dominga. She is a widow who is 66 years old and has three children. She works in an agricultural business. She has farmland where she sows corn, potatoes and carrots. The member sells in different markets from 8:00 a.m. until 5:00 p.m. She has had this business for 5 years and it has been going well for her. The member's dream is to expand her farmland. She is requesting a loan to buy seeds and fertilizers for her farmland.
The other members make a living through a business selling vegetables, a cattle business, a grocery store, and a business raising and selling animals.
The member is grateful to those who contribute to her dream through these means and promises to make her payments on time.
La socia es la Sra. Dominga ella es viuda y tiene 66 años y tiene 3 hijos; La socia trabaja en su negocio de agricultura, la socia tiene un terreno de cultivo donde siembra maíz, papa y zanahorias, la socia lo vende en los diferente mercados desde las 8:00 a.m hasta las 5:00 p.m,la socia ya tiene 5 años en este negocio y le va muy bien, el sueño de la socia es ampliar su terreno de agricultura. La socia solicita el crédito para comprar semillas y fertilizantes para su terreno de cultivo.
Los otros socios se dedican al negocio de venta de verduras, negocio de ganadería, negocio de venta de tienda de abarrotes y negocio de venta de crianza de animales.
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 individuals belong to the communal bank "Virgn Natividad de Chuso." This bank is located in the Chinchero district, which is in Urubamba province in the department of Cusco. Elena, 43, is a member of this group. She is married and has 5 children. She works in her business, which is a… More from Virgen Natividad De Chuso 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