Tres Marias Group
Update on Tres Marias GroupThe members belong to the “Tres Marías” communal bank located in Cusco District belonging to Cusco Province and Department. Haidee, 42, is married and has two children. She works in her business selling charcoal and firewood. She sells at wholesale to various places that sell charcoal and firewood. She’s been in this business for six years now and does very well. She’s able to support her children by means of this business. Her dream is to have a locale where she can sell charcoal and firewood. She’s requesting the loan to buy charcoal and firewood at wholesale. She thanks those who share her dream by this means and commits to make her payments as scheduled. The other members sell cattle, food, groceries and animals.
The members in the inserted photo took their photo after the meeting having asked permission due to work.
La socia es la Sra. Haidee ella es casada y tiene 42 años y tiene 2 hijos; La socia trabaja en su negocio de venta de carbón y leña, la socia vende al por mayor a los diferentes lugares que venden leña y carbon, la socia ya tiene 6 años en este negocio y le va muy bien, por medio de este negocio la socia saca adelante a sus hijos, el sueño de la socia es tener un local donde puede vender carbón y leña. La socia solicita el crédito para comprar leña y carbón al por mayor.
Las socias que estan pegadas a la foto grupal se les tomo la foto despues de la reunion porque pidieron 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 DetailsLisbeth splits her time between her daily activities and her business running a grocery store. She sells different types of products such as rice, sugar, milk, candies, etc. She has been in this business for a long time and it is doing well thanks to the effort that she puts into it every day. ... More from Tres Marias 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