Juntos Podemos Group
Update on Juntos Podemos GroupThese members belong to the village bank “Juntos Podemos” [Together We Can], located in a village near the city of Cusco.
Hilda, 41 years old, is married and has two children. She has a business selling office products and also has a beauty salon. She offers hair coloring services, haircuts, and perms, and in her stationery shop she sells office products such as notebooks, pencils, and pens. She has had these businesses for seven years and they are going well. Hilda's dream is to expand the businesses. She is requesting this loan to buy hair dye, scissors, and permanent wave solution for her salon.
The member whose photo is attached was not present for the group photo; she had to work when the group photo was taken.
The other members of the group have businesses selling fabrics, crafts, groceries, and animal feed.
Hilda is grateful to those who have been part of her dream through this program and is determined to pay off her loan on time and in full.
La socia es la Sra. Hilda ella es casada y tiene 41 años y tiene 2 hijos; La socia trabaja en su negocio de venta de librería y también salón de belleza, la socia realiza trabajos de teñidos, cortes de cabello y ondulaciones y en su librería la socia vende artículos de escritorio como cuadernos, lápices, lapiceros entre otros, la socia ya tiene 7 años en este negocios y le va muy bien, el sueño de la socia es ampliar los negocios. La socia solicita el crédito para comprar tintes, tijeras y líquidos de ondulación para su salón de belleza.
La socia que esta pegada a la foto grupal se le tomo despues la foto porque pidio permiso por motivos de trabajo.
Los otros socios se dedican al negocio de venta de tejidos, negocio de venta de artesanías, negocio de tienda de abarrotes y negocio de venta de pasto.
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 partners belong to the communal bank "Juntos Podemos" (Together We Can). This bank is located in a district of Cusco in the Cusco providence and region. One partner is Matilde, who is married with two children and is 42 years old. She works in her business selling jewelry like bracelets,… More from Juntos Podemos 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