Inmaculada Concepcion De Yungaqui Ii Group
Update on Inmaculada Concepcion De Yungaqui Ii GroupThe borrowers are members of the communal bank “Inmaculada Concepción de Yungaqui II”, located in the district of Cusco, in the province and department of Cusco.
Thirty-one year old Gregoria is a member of the bank and is married with 2 children. She works selling milk and cheese at different festivals and markets. She works from 8:00 am until 7:00 pm. She has been running this business for 8 years and it has been going very well. During her free time she likes to prepare pastries for her children.
She is requesting a loan to buy cheese and milk. The other members' businesses include selling animals, selling cattle, a grocery store and farming.
Gregoria thanks those who form a part of this dream by way of this loan and she is committed to making her payments by the established deadline.
La socia es la Sra. Gregoria ella es casada y tiene 31 años y tiene 2 hijos; La socia trabaja en su negocio de venta de leche y queso, la socia vende en las diferentes ferias y también vende en el mercado, la socia trabaja desde las 8:00 a.m hasta las 7:00 p.m, la socia ya tiene en este negocio 8 años y le va muy bien, en sus tiempos libres a la socia le gusta preparar tortas para sus hijos. La socia solicita el crédito para comprar queso y leche.
Los otros socios se dedican al negocio de venta de venta de animales, negocio de venta de ganados, negocio de tienda de abarrotes y negocio de agricultura.
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 Inmaculada Concepción D. Yungaqui II communal bank, located in the district of Anta, in the province of Anta and department of Cusco. The member is Felicitas. She is 41 years old and married with two children. She works in agriculture; she has a business buying and ... More from Inmaculada Concepcion De Yungaqui Ii 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