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Virgen Asunta Group
In this Group: Yuli, Marylin, Dora, Brigida, Cirila, Victoria, Vicentina , Feliciano, Edgar, Mamerto

Update on Virgen Asunta Group

These members belong to the “VIRGEN ASUNTA” communal bank. Their bank is located in the district of Anta, belonging to the province of Anta and the department of Cuzco.

The member named Yuli lives with someone and is 25 years old. She has 1 child. She works in her business selling food. She prepares different plates such as baked chicken, chicken stew and soups. She works from 8:00 a.m. until 2:00 p.m. and has had this business for 5 years. It is going well for her and her dream is to have a restaurant. She is asking for this loan to buy vegetables, beef and chicken to prepare the food.

The members in that are added on to the group photo were photographed later because they had to be absent for work reasons. The member whose face is blanked out does not belong to the Virgen Asunta communal bank.

The other members work in selling food, selling animals, running a convenience store and selling vegetables.

This member is grateful to those who are a part of this dream in this way and she is committed to making her payments on time.
View original language description ↓
Los socios pertenecen al banco comunal “VIRGEN ASUNTA”; Este banco se ubicada en el distrito de Anta, perteneciente a la provincia de Anta y departamento de Cusco.

La socia es la Sra. Yuli ella es conviviente y tiene 25 años y tiene 1 hijo; La socia trabaja en su negocio de venta de comida, la socia prepara diferentes platos como pollo al horno,estofado de pollo y sopas, la socia trabaja desde las 8:00 a.m hasta las 2:00 p.m,la socia ya tiene 5 años en este negocio y le va muy bien, el sueño de la socia es tener un restaurant. La socia solicita el crédito para comprar verduras, carne y pollo para que prepare la comida.
Los socios que estan pegados a la foto grupal se les tomo despues la foto porque pidieron permiso por motivos de trabajo.
El socio que su cara esta tapado con un circulo ya no pertenece al banco comunal Virgen Asunta

Los otros socios se dedican al negocio de venta de comida, negocio de venta de animales, negocio de tienda de abarrotes y negocio de venta de verduras.


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 Details

The members belong to the "Virgen Asunta" communal bank, located in Anta district, which is part of Anta province in Cusco department. Vicentina is a member of the group. She is 35 years old, lives with her partner, and has one son. She works in her business selling vegetables. She sells toma... More from Virgen Asunta Group's previous loan »

Additional Information

Important Information

About 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.

Tags

About Peru

  • $12,000
    Average annual income
  • 85
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Asunta Group's $2,850 loan helped a member to buy vegetables, beef and chicken to prepare food.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2013
Listed
Sep 9, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014