Nueva Luz Ii Group
Update on Nueva Luz Ii GroupA group of neighbors and friends formed the Communal Bank “Nueva Luz II” (New Light II) in the city of Cusco. Natalia is one of the members. She is 39 years old, in a common-law relationship, and has two children. In the photo, Natalia is the woman who has her hand raised.
Natalia is a charismatic and friendly person who has been able to get ahead. Her main business activity is selling food. She is taking this opportunity to request a loan in order to buy supplies such as sacks of sugar, vegetables, sacks of rice, noodles, oil, meat, and other items.
This Communal Bank consists of several people who look at each moment as an opportunity to move forward. Through their daily efforts, they are able to provide a better future for their children. The members engage in retail businesses that involve selling shoes, slippers, food, cosmetics, snacks, breakfasts, clothing, and soft-boiled eggs.
In general, the members are grateful for the opportunity they have been given and promise to complete their payments according to the established terms.
Natalia tiene 39 años de edad y tiene una relación unión libre de la cual tiene dos hijos, (En la fotografía la socia está levantando la mano).
Natalia es una persona carismática y amable que sale adelante pues su actividad económica principal es la venta de comida, ella en esta oportunidad Natalia requiere el préstamo para comprar insumos como por ejemplo sacos de azúcar, verduras, sacos de arroz, fideos, aceite, carnes y otros más.
Este banco comunal está conformado por varias personas que buscan a cada momento las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos. Los socios se dedican a la venta de zapatos, zapatillas, comida, cosméticos, refrigerios, desayunos, ropa y huevos sancochados.
Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos.
Previous Loan DetailsThe members belong to the “Nueva Luz” communal bank. This bank is located in the district of Cusco, in the province of Cusco, and the department of Cusco. Reyna Isabel is married and has 2 children. She continues with her grocery business. She sells different kinds of products, like rice, suga... More from Nueva Luz Ii 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