Virgen De Copacabana Group
Update on Virgen De Copacabana GroupThe members belong to the "Virgen del Carmen" communal bank. This bank is located in the district of Cusco, belonging to the province and department of Cusco.
Sra. Maribel is single, 36 years old, and has two children. She alternates her daily chores with her business selling salchipapas [fried potatoes with hotdog] and pollipapas [shredded chicken breast with fries]. Maribel sells her products from the doorway of her home. She has had this business for some time, and it is going very well for her thanks to the hard work that she puts into her business every day. She wants to be able to keep working in order to keep supporting her family.
She is requesting this loan for the purchase of oil, potatoes, mayonnaise, and other items.
The other group members sell handcrafts; build refrigerators; sell anticucho [small pieces of grilled skewered meat often marinated in vinegar and spices, often with a boiled potato or bread on the end of the skewer]; one is a master builder; another works in agriculture.
The member in the attached photo asked permission to come late to the meeting because of her work.
Maribel thanks those who will become part of this dream through this loan. She promises to repay her quotas as established.
La socia es la Sra. Maribel, la socia es soltera tiene 36 años de edad y tiene 02 hijos; La socia alterna sus actividades diarias con el negocio de venta de salchipapas, pollipapas, la socia vende de forma ambulatoria en la puerta de su casa, la socia lleva buen tiempo en este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la soca desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el crédito para la compra de aceite, papas, mayonesa, entre otros.
Los otros socios se dedican a la venta de artesanía elaboración de refrigerios, venta de anticuchos, maestro constructor, agronomía.
La socia que sale en la foto adjunta pidió permiso para llegar tarde a la reunión por motivos de trabajo.
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 DetailsThe members belong to the Communal Bank "Virgen Del Carmen". This bank is located in the district of Cusco, in the province and department of Cusco. One group member is Mercedes. She is separated, 31 years old, and has one child. She alternates her daily activities with her business selling m... More from Virgen De Copacabana 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