Agua Buena Group
Update on Agua Buena GroupThese members belong to the "Agua Buena" ("Good Water") communal bank, which is located in the district, province and department of Cusco.
Matilde, 62, is a member of this group. She is married with four children and she works in her own fruit-selling business. She sells apples, oranges, bananas, grapes, and mandarins. She brings the fruit to various places, such as Puerto Maldonado. She has been in this business for eight years and it is going very well. Her dream is to have a shop where she can sell fruit. She has applied for this loan to buy apples, oranges, mandarins, and bananas.
The member who appears in the inserted photo asked for permission to take her photo later for work-related reasons.
The other members have businesses selling vegetables, selling animals, selling groceries, and selling animal feed.
Matilde is grateful to those who are making up part of her dream, and she is committed to paying her installments at the established times.
La socia es la Sra. Matilde ella es casada y tiene 62 años y tiene 4 hijos; La socia trabaja en su negocio de venta de frutas, la socia vende manzanas, naranjas, plátanos, uvas y mandarinas, la socia lleva las frutas a diferentes lugares como Puerto Maldonado, la socia ya tiene 8 años en este negocio y le va muy bien, el sueño de la socia es tener un local donde pueda vender las frutas. La socia solicita el crédito para comprar manzanas, naranjas, mandarinas y plátanos.
La socia que esta pegada a la foto grupal se le tomo despues la foto porque pidio permiso por motivos de trabajo.
Los otros socios se dedican al negocio de venta de venta de verduras, negocio de venta de animales, negocio de tienda de abarrotes y negocio de venta de pasto.
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 DetailsIsabel, 33, is a member of the “Agua Buena” (Good Water) communal bank located in Wanchaq District in Cusco Province and Department. She has a spouse and three children. She alternates her daily activities with a business selling fruit like bananas, apples and papayas, among others. She’s been... More from Agua Buena 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