Las Palmeras Group
Update on Las Palmeras GroupThese members belong to the "Las Palmeras" communal bank. This bank is located in the district of Cusco, which is part of the province of Cusco in the department of Cusco.
This member is Susana. Susana is married; she is 46 years old and she has three children. She alternates her daily activities with her grocery store business. She sells different types of products like rice, sugar, milk, soft drinks, snacks, and more. She has had this business for a good amount of time and it is going well, thanks to the effort that she puts into it every day. She hopes to be able to continue working in this way to keep supporting her family. At the same time, this member also has a restaurant business, which is how she keeps her family going. She is requesting this loan for the purchase of merchandise like rice, sugar, and more.
The other members earn their livings via a handicrafts sales business, a knit sweater business, a taxi service, a restaurant business, carved gourd sales, and vegetable sales. The members that appear in the attached photo requested permission to arrive late to the meeting for work reasons.
Susana is grateful to those who are part of this dream via this medium and she promises to make her loan payments according to the established timeline.
La socia es la Sra. Susana ella es casada, tiene 46 años y tiene 3 hijos; La socia alterna sus actividades diarias con el negocio de tienda de abarrotes, la socia vende diferentes tipos de productos como arroz,azucar,leche gaseosas, golosinas entre otros, la socia lleva buen tiempo con su negocio el cual le va bien gracias al empeño que le pone cada día a su negoció ,la socia desea poder seguir trabajando para de eta forma seguir apoyando a su familia, a la vez la socia cuenta con otro negocio de restaurante siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el crédito para la compra de mercadería como arroz, azúcar entre otros.
Los otros socios se dedican al negocio de venta de artesanía, negocio de tejidos de chompas, negocio de servicio de taxi, negocio de restaurante, venta de mates, venta de verduras.
Las socias que salen en la foto adjunta pidieron permiso para llegar tarde a la reunión 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 are members of the “LAS PALMERAS” communal bank, located in the district, province, and department of Cusco. Andrea is 45 years old, married, and has three children. She sells chicha, a fermented corn based drink, out of her home. She also sells knitted alpaca sweaters and delivers them… More from Las Palmeras 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