Buena Esperanza Group
Update on Buena Esperanza GroupThese members belong to the "Buena Esperanza" ("Good Hope") communal bank, which is located in the district, province, and department of Cusco.
María Angélica, one of the members of this group, lives with her partner and has two children. She continues to sell breakfasts and juice. She has been in this business for a good amount of time, and it gives her both personal and financial satisfaction. She sells banana, orange, and papaya juices, among others. She is a responsible and persevering person, which is how she provides for her family.
She will use this loan to buy fruit for her business.
The other members sell clothing and cosmetics, work as touristic guides, raise animals, work in artisan crafts, and make snacks.
The members who appear in the attached photos asked for permission to come late to the meeting for work-related reasons.
María Angélica is grateful to those who will become part of her dream through this loan, and she is committed to paying her installments at the established times.
La socia es la Sra. María Angélica ella es conviviente, tiene 32 años de edad y tiene 02 hijos; La socia continua dedicándose al negocio de venta de desayunos y venta de jugos, la socia lleva buen tiempo con su negocio el cual le trae satisfacciones tanto económicas como personales, la socia vende jugos de platano, naranja, papaya entre otros, la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el crédito para la compra de frutas para su negocio.
Los otros socios se dedican a la venta de ropa, venta de cosméticos, guía de turismo, crianza de animales, artesania, preparacion de bocaditos.
Los socios que salen en la foto adjunta pidieron permiso para llegar tarde a la reunión por motivos de trabajo.
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 DetailsThis borrower, Maria Angelica, belongs to the communal bank "BUENA ESPERANZA" (Good Hope). This group is located in the district of Cusco. Maria Angelica lives with her husband, is 32 years old, and has 2 children. She alternates her daily acitivites between the sale of breakfast and the sale… More from Buena Esperanza 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