Plan Director - Cusco Group
Update on Plan Director - Cusco GroupThis member belongs to the communal bank Plan Director – Cusco. This bank is located in the district of Wanchaq in the province of Cusco and department of Cusco.
Rosa Isabel is a member and is a 45-year-old single mother of three children. She alternates her daily activities with her business in selling beauty products such as creams, perfumes, colognes, etc. She has been selling these products for years, and it's going well for her thanks to the hard work she puts into her business every day. She also rents out rooms in her house to students or others who might need one. She would like to be able to continue working this way in order to continue supporting her family. She is applying for the loan in order to buy women's perfume.
The other members work in a bakery, run a gas station, or work in public institutions.
The person whose face is covered does not belong to the communal bank. The members whose photo has been attached to the group photo were given permission to arrive late to the meeting due to work reasons.
Rosa Isabel is grateful for this medium through which loans are facilitated, and is committed to completing her payments.
La socia Rosa Isabel, la socia tiene 45 años de edad ,03 hijos y es soltera, la socia alterna sus actividades diarias con su negocio de venta de productos de belleza como cremas, perfumes, colonias entre otros, la socia lleva años dedicándose a esta actividad el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia tambien alquila cuartos en su casa a estudiantes o personas que soliciten, la socia desea poder seguir trabajando para de esa forma seguir apoyando a su familia.
La socia solicita el préstamo para comprar colonias para damas.
Los otros socios se dedican a trabajar en una pastelería, administrar un grifo y los demás trabajan en instituciones públicas.
La persona que sale con la cara tapada no pertenece al banco comunal.
Los socios que salen en la foto adjunta, son socios que pidieron permiso para llegar tarde a la reunión por motivos de trabajo.
La socia agradece este medio por el cual le facilita el crédito y se compromete a cumplir con los pagos.
Previous Loan DetailsThis member belongs to the community bank Plan Director - Cusco [Project Principal - Cusco]; this bank is located in the district of Wanchaq, in the province and department of Cusco. Elizabeth is 30 years old, married with one child. She alternates her daily activities working Monday to Friday… More from Plan Director - Cusco 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