Siempre Unidos Group
Update on Siempre Unidos GroupThe featured group member, Estherlin, is thirty-five years old. She has three children and is separated. She divides her daily activities between her business selling food and her grocery store. She has been dedicating her time to these businesses for a while, and everything is going well thanks to the effort she puts in everyday. She sells various products, like rice, sugar, and other items at her grocery store. She hopes to be able to continue working in this way so that she can continue supporting her family.
This group member is requesting a loan to buy rice, sugar, milk, and other items.
She is grateful to the Kiva investors and promises to comply with the established payments.
The other group members have businesses selling phones, clothing, groceries, potatoes, food, and preparing drinks.
The individual in the photo with their face blocked out does not belong to the communal bank. The members that appear in the separate photos asked permission to arrive late to the meeting due to work commitments.
La socia solicita el crédito para la compra de arroz, azucar, leche entre otros.
La socia se siente agradecida con los inversionistas de Kiva y se compromete a cumplir con sus cuotas establecidas.
Los otros socios se dedican al negocio de venta de celulares, venta de ropa, tienda de abarrotes, venta de papa, venta de comida, preparación de bebidas.
La persona que sale con la cara tapada no pertenece al banco comunal.
Los socios que aparece a la foto adjunta pidieron permiso para llegar tarde a la reunión por motivos de trabajo.
Previous Loan DetailsLaura belongs to the “Siempre Unidos” (Always United) communal bank located in Cusco District. She was born in the city of Puerto Maldonado and she’s single and has five children. She continues with her business selling food. She has a small restaurant that she’s had for some time now. She do... More from Siempre Unidos 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