San Hilario Group
Update on San Hilario GroupThe members belong to the “San Hilario” communal bank; this bank is located in the district of Cusco, belonging to the province of Cusco and department of Cusco.
The member Zinaida is 32 years old, has three children and is married. She alternates her daily activities with the business of selling clothing wholesale. She has had her business for quite a while, and it is going well thanks to the dedication she gives to her business each day. She distributes her merchandise to her customers who request her. She is a responsible and earnest person, as this is how the members get their families ahead.
Zinaida is asking for the loan to buy jackets for her business. The other members make a living from the sale of dairy products, the sale of clothing, a pharmacy, as independent workers, teaching, and providing taxi services.
Zinaida is grateful to the people who are part of her dream through this loan, and she pledges to make her payments in a punctual manner.
La socia Zinaida tiene 32 años de edad, 03 hijos y es casada, la socia alterna sus actividades diarias con el negocio de venta de ropa al por mayor, la socia lleva buen tiempo con su negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia distribuye su mercadería a sus clientes que le solicitan, la socia es una persona responsable y empeñosa siendo de esta forma que la socias saca adelante a su familia.
La socia solicita el crédito para la compra de casacas para su negocio.
Los otros socios se dedican al negocio de venta de productos lácteos, venta de ropa, farmacia, trabajadores independientes, docentes, brindando el servicio de taxi.
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 San Hilario communal bank in the district of Cusco in the province and department of Cusco. The member, Julio César, is 37 years old. He has one child and is separated. He alternates his daily activities with offering taxi service in the city. He has been in this b... More from San Hilario 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