Prosperemos- Cusco Group
Update on Prosperemos- Cusco GroupThe members belong to the “PROSPEREMOS-CUSCO" (May we Prosper) communal bank. This communal bank is located in the district, province and department of Cuzco.
Felicitas, a member, is married and has 3 children. She continues working in her grocery store. The member has been doing this job for a long time which has brought her both economical and personal satisfaction. Felicitas is a responsible and hard working person. She sells different types of products such as fizzy drinks, rice, sugar among other products. She hopes to continue working to continue supporting her family.
Felicitas is requesting a loan to purchase rice and sugar for her business.
The other members work in the following businesses; restaurant, grocery store, school supplies, clothing, and shoes.
The member who appears in the attached photo requested permission to arrive late to the meeting because of work.
Felicitas is grateful to those who are part of this dream and she promises to complete the payments on the loan according to the established terms
La socia es la Sra. Felicitas la socia tiene 03 hijos y es casada, la socia continua con su negocio de tienda de abarrotes, la socia lleva buen tiempo con su negocio el cual le trae satisfacciones tanto económicas como personales, la socia es una persona responsable y empeñosa, la socia vende diferentes tipos de productos como gaseosas, arroz, azúcar entre otros, la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el préstamo para comprar arroz y azúcar para su negocio.
Los otros socios se dedican al negocio de restaurant, negocio de tienda de abarrotes, negocio de venta de útiles escolares, negocio de venta de útiles escolares, venta de ropa, venta de zapatos.
La socia que sale en la foto adjunta pidió 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 DetailsThe members belong to the “May We Prosper – Cusco” communal bank located in the district, province, and department of Cusco.… More from Prosperemos- Cusco 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