Kantu De San Jeronimo Group
Update on Kantu De San Jeronimo GroupThese are all members of communal bank ”KANTU SAN JERÓNIMO”, located in the Cusco district, which belongs to the Cusco province and Cusco department.
Mrs. Gladis, 37, lives in a common-law marriage and has two children. She works as a street vendor, selling breakfasts (quinoa with milk, cocoa and mate) from 5:00 am to 12:00 pm. Gladis has been doing this for five years and does very well. During her free time, she likes to prepare desserts and her dream is to open a restaurant.
Gladis is requesting a loan to buy ingredients for her breakfasts, such as quinoa, milk, bread and sugar. The remaining members sell beauty products, clothes, groceries and handicrafts.
Gladis wants to thank all those who make part of her dream through Kiva and promises to pay the installments according to plan.
La socia es la Sra. Gladis ella es conviviente y tiene 37 años y tiene 2 hijos; La socia trabaja en su negocio de venta de desayunos, la socia vende quinua con leche, chocolate y mates,la socia vende en forma ambulatoria desde las 5:00 a.m hasta las 12:00 p.m,ella trabaja en este negocio 5 años y le va muy bien, en sus tiempos libres a la socia le gusta preparar postres, el sueño de la socia es tener su restaurant. La socia solicita el crédito para comprar productos para cocinar como quinua, leche, panes y azúcar para que prepare sus desayunos.
Los otros socios se dedican al negocio de venta de productos de belleza, negocio de venta de ropa, negocio de tienda de abarrotes y negocio de venta de artesanias.
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 DetailsA group of friends and neighbors formed the communal bank “Kantu de San Jeronimo” in the district of Cusco province of Cusco of the department of Cusco. It has been several years that this communal bank has been going, and it is very well organized. This communal bank is made up of people who ar... More from Kantu De San Jeronimo 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