Moyopata-San Sebastian Group
Update on Moyopata-San Sebastian GroupThe members belong to the “Mayopata San Sebastián” communal bank located in San Jerónimo District belonging to Cusco Province and Department.
Rosaria, 40, is married and has three children. She alternates her daily chores with a business selling fresh herbal beverages. She’s been in business for years and does well thanks to the daily effort she puts into her business. She sells from place to place in the city center and she wants to be able to continue working this way to support her family.
She’s requesting a loan to buy herbs, sugar, plastic drinking glasses, etc. for her business. She thanks all those who share her dream by this means and commits to make her payments as scheduled.
The other members are in carpentry, transportation, small animal sales and 'chicha' [corn-based traditional beverage] sales.
The members appearing in the inserted photo asked permission to arrive late at the meeting due to work reasons.
La socia es la Sra. Rosaria ella es casada tiene 40 años y tiene 3 hijos; La socia alterna sus actividades diarias con el negocio de venta de mates frescos,la socia lleva años con su negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,la socia vende de forma ambulatoria por el centro de la ciudad,la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el crédito para la compra de hierbas,azucar,vasos de plastico entre otros para su negocio.
Los otros socios se dedican al negocio de carpinteria, transporte, venta de animales menores, venta de chicha.
Las socias que salen en la foto adjunta pidieron permiso para llegar tarde a la reunion 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 DetailsThese members belong to the Moyopata San Sebastian communal bank. This bank is located in San Jeronimo District, in Cusco Province, Cusco Department. Hilda, 40, is married and has one child. She alternates her daily activities with a business raising small animals like guinea pigs and hens, a... More from Moyopata-San Sebastian 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