San Martin De Tours Group
Update on San Martin De Tours GroupThe members belong to San Martín de Tours Communal Bank, located in the Huarocondo district of the province of Anta and department of Cusco.
Yolanda, 51, is a member. She's married and has two children. She works in her agriculture business. She has a plot of cropland where she grows corn, potatoes, and wheat, and sells it in the various markets. She works from 8 a.m. until 5 p.m. She has been in this business for eight years already and it's going very well for her. Her dream is to have a grocery store.
She's requesting this loan to buy seed and fertilizer.
The member who is attached to the group photo got permission to take the photo later because of work.
The businesses of the other members are livestock sales, food sales, a grocery store, and animal sales.
She's grateful to those who are part of her dream through this loan and she pledges to make her payments by the deadline.
La socia es la Sra. Yolanda ella es casada y tiene 51 años y tiene 2 hijos; La socia trabaja en su negocio de agricultura, la socia tiene un terreno de cultivo donde siembra maíz, papa y trigo,la socia lo vende en las diferentes ferias que existe, la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,la socia ya tiene 8 años en este negocio y le va muy bien, el sueño de la socia es tener una tienda de abarrotes. La socia solicita el crédito para comprar semillas y fertilizantes.
La socia que esta pegada a la foto grupal se le tomo despues porque pidio permiso por motivos de trabajo.
Los otros socios se dedican al negocio de venta de ganadería, negocio de venta de comida, negocio de tienda de abarrotes y negocio de venta 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 partner members belong to the community bank “SAN MARTIN DE TOURS”; This bank is located in the district of Huarocondo, which belongs to the province of Anta and the administrative division of Cusco. One member, Hilda, 47, is married and has four children. She alternates her daily… More from San Martin De Tours 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