Sumac Puririsun Group
Update on Sumac Puririsun GroupThe members belong to the “Sumac Puririsun” communal bank. The member is Gloria, 60. She has a spouse and two children. She alternates her daily activities with a business selling ‘mazamorra’ [purple corn custard] and rice pudding. She sells from place to place and has been in this business for a good amount of time; she does well thanks to the daily effort she puts into her business. She also sells organic coffee. She works to order and also from place to place and this is how she supports her family.
She requests the loan to buy sugar, rice and cinnamon, among others for her business. She thanks those who share her dream by this means and commits to make her payments as scheduled. The businesses of the other group members are food sales, raising animals, cleaning, mechanic shop, cell phone sales, crafts sales and sweater sales.
The person with the covered face does not belong to the communal bank.
La socia es la Sra. Gloria tiene 60 años, conviviente y tiene 02 hijos; La socia alterna sus actividades diarias con su negocio de venta de mazamorra y arroz con leche , la socia vende de forma ambulatoria, la socia lleva buen tiempo en este su negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, a la vez la socia también se dedica a la venta de café orgánico ,ella trabaja a pedido y también de forma ambulatoria siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el crédito para la compra de azucar, arroz, canela entre otros entre otros para su negocio.
Los otros socios se dedican al negocio de venta de comida, crianza de animales menores, limpieza, taller de mecánica, venta de celulares, venta de artesanías, venta de chompas.
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 DetailsThe members of the “SUMAC PURIRISUN” communal bank. Leslie is 33 years old, in a common law marriage, and has three children. She sells porridge and has had this business for some time. Things are going well for her, thanks to the daily effort she puts in. She sells on foot throughout the… More from Sumac Puririsun 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