Urpis De Confraternidad Group
Update on Urpis De Confraternidad GroupThese members are part of the Communal Bank “Urpis de Confraternidad” which is located in the District of Cusco, Cusco Province, Department of Cusco.
Sra. Alicia is one of the members. She continues to manage a hardware business, which she has done for years. Alicia is doing well thanks to the effort she puts forth each day into her work. She sells paints, nails, and other items that her customers request. Alicia wants to keep working so that she can continue to support her family. She is requesting a loan in order to buy paints for her business.
The member who appears in the attached photo requested permission to arrive late because of work reasons. The other members engage in businesses such as selling gifts, managing a hardware store, managing a grocery store, and making handicrafts.
La socia es la Sra. Alicia, La socia continua dedicándose al negocio de ferretería, la socia lleva años dedicándose a este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia vende pinturas, clavos entre otros a sus clientes que le solicitan, la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el crédito para comprar pinturas para su negocio.
La socia que sale adjunta a la foto pidió permiso para llegar tarde por motivos de trabajo.
Los otros socios se dedican al negocio de venta de venta de regalos, ferretería, tienda de abarrotes y artesanía.
Previous Loan DetailsThese members belong to the 'Urpis de Confraternidad' community bank which is located in Cusco district, in Cusco province and department. Alicia is 44 years old, lives with her partner and has two children. She has a hardware business where she works selling nails, paint, tools, hammers and… More from Urpis De Confraternidad 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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Aug 21, 2013
- Aug 31, 2013
- Currency Exchange Loss:
- Jan 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.