San Isidro De Yungaqui Group
Update on San Isidro De Yungaqui GroupKaren Milagros is a 25-year-old single woman who belongs to the communal bank “San Isidro de Yungaqui”, which is located in the community of Yungaqui in the district of Anta, which is in the province of Anta in the department of Cusco.
She has a grocery store, in which she sells various products, such as rice, sugar, milk, candy and soft drinks. Business is going well thanks to the efforts she puts into her business every day. In this way she is able to make progress.
She is seeking a loan in order to buy merchandise such as soft drinks for her store.
The other members of the group are involved in such business activities as:
- Raising animals
- Selling cheese
- Selling potatoes
- Selling chickens
- Automotive repair
Karen Milagros wishes to thank those who are helping to make her dream possible through this loan. She promises to repay her loan according to the agreed-upon schedule.
La socia es la Sra. Karen Milagros ella es soltera y tiene 25 años de edad; La socia alterna sus actividades diarias con el negocio de tienda de abarrotes, la socia vende diferentes tipos de productos como arroz, azúcar, leche, golosinas, gaseosas entre otros, la socia lleva buen tiempo con su negocio el cual le va bien gracia al empeño que le pone cada día a su negocio, siendo de esta forma que la socia sale adelante.
La socia solicita el crédito para la compra de mercadería como gaseosas para su negocio.
Los otros socios se dedican a la crianza de animales menores, venta de quesos, venta de pollos, venta de papa, ganadería, taller de mecánica.
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 neighbors and friends formed the Communal Bank "San Isidro de Yungaqui" in the community of Yungaqui in the District of Anta, which is part of Anta Province in the Department of Cusco. This Communal Bank consists of individuals who look at each moment as an opportunity to get ahead. ... More from San Isidro De Yungaqui 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