La Gran Alianza Group
Update on La Gran Alianza GroupThese borrowers belong to the communal bank "LA GRAN ALIANZA" which is located in the district, province and department of Cusco.
One of the members, Rosa, is 22 years old and single, and she alternates her daily activities with her business selling small animals such as guinea pigs and chickens. For some time now she has been in business and it is going well thanks to the hard work she dedicates to it every day. Rosa raises small animals and then sells them to customers on an order basis. She hopes to continue working so her business can prosper. She is requesting a loan to buy guinea pigs for the business.
The other members of the group are involved in crafts, printing, ceviche (food) business, raising small animals, tailor business, sweets sales and furniture making. The person with her face covered is no longer in the group.
Rosa is grateful to everyone who is helping her reach her goal and she is committed to paying back the loan on time.
La socia es la Srta. Rosa ella es soltera y tiene 22 años de edad; La socia alterna sus actividades diarias con el negocio de compra y venta de animales menores como cuyes, gallinas entre otros, 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 socia cría a estos animalitos para luego venderlos a sus clientes que le solictan, la socia desea poder seguir trabajando para de esta forma seguir adelante con su negocio.
La socia solicita el crédito para la compra de cuyes para su negocio.
Los otros socios se dedican a la venta de artesanía, imprenta, cevicheria, crianza de animales menores, sastrería, venta de golosinas, mueblería.
La persona que sale con la cara tapada no pertenece al banco comunal.
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 "La Gran Alianza" (The Great Alliance). This group is located in the district of Cusco, which belongs to the province and department of Cusco. One member is Señora Modesta. She is a widow. She is 40 years old and has 5 children. She alternates her daily… More from La Gran Alianza 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