Fuerza 2008 Group
Update on Fuerza 2008 GroupThe members belong to the communal bank "Fuerza 2008"; This bank is located in the district of Cusco, located in the province of Cusco and the department of Cusco.
The member is Gisel Rossana. She is single and is 21 years old. She works in her business selling pizza. The member prepares pizzas of cheese, sausage and meat and later sells them individually bringing them to different schools. The member works from 8:00 AM to 6:00 PM. She already has 8 years in this business and it is going very well. The member's dream is to have a store where she can sell pizzas. She is requesting a credit to purchase supplies to prepare pizzas like cheese, sausage and also for the maintenance of her oven.
The other members are in the businesses of selling soft drinks, selling food, grocery stores and restaurants.
The member is grateful to those who are contributing to part of this dream and promises to make timely payments.
La socia es la Sra. Gisel Rossana ella es soltera y tiene 21 años; La socia trabaja en su negocio de venta de pizzas, la socia prepara pizzas de quesos, salchicha y carne y luego lo vende en forma independiente llevando a diferentes colegios, la socia trabaja desde las 8:00 a.m hasta las 6:00 p.m,la socia ya tiene 8 años en este negocio y le va muy bien, el sueño de la socia es tener un local donde puede vender pizzas. La socia solicita el crédito para comprar insumos para preparar las pizzas como quesos, salchichas y también para el mantenimiento de su horno.
Los otros socios se dedican al negocio de venta de gaseosas, negocio de venta de comida, negocio de tienda de abarrotes y negocio de restaurant.
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 communal bank "Fuerza 2008", which is located in the district of Cusco, in the province and department of Cusco. Ruth Maribel is one of the members. She is single, 28 years old, and has one child. She has a hardware business, where she sells nails, paint, and tools.… More from Fuerza 2008 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