Nuevo Amanecer La Rinconada Group
Update on Nuevo Amanecer La Rinconada GroupThe members belong to the “Nuevo Amanecer La Rinconada” (La Rinconada New Dawn) communal bank located in Andahuaylillas District belonging to Quispicanchis Province, Cusco Department. Justina, 56, is one of the members.
She has a spouse and six children. She alternates her daily activities with a grocery store business. She sells basic staples like rice, sugar and milk, among others.
She’s been in business for quite some time and does well thanks to the daily effort she puts into it. She wants to be able to continue working in order to continue supporting her family this way. She requests the loan to buy rice and sugar for her store.
She’s happy about the loan and commits to make her installment payments. The other group members work in agriculture, grocery store, cattle raising, livestock raising, restaurant, bakery, building supplies sales and crafts.
La socia es la Sra. Justina; ella tiene 56 años de edad es conviviente y tiene 06 hijos; La socia altera sus actividades diarias con el negocio de tienda de abarrotes, la socia vende productos de primera necesidad como arroz, azucar, leche 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 negocio, la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el préstamo para comprar arroz, azúcar para su negocio.
Los otros socios se dedican la agricultura, tienda de abarrotes, ganadería, crianza de animales ,restaurant, panadería, venta de materiales de construccion,artesania.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsThese are members of the communal bank known as “Nuevo Amanecer la Rinconada.” This bank is located in the Andahuaylillas district, province of Quispicanchis, department of Cuzco. This member is Mrs. Luz Ericka. She is 25 years old, lives with a partner, and has a child. Her business is sel... More from Nuevo Amanecer La Rinconada 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