Dos De Mayo Group
Update on Dos De Mayo GroupThe members belong to the communal bank “DOS DE MAYO”. This group is located in the district of Cusco, in the province of Cusco and department of Cusco. Martha, who is a member, is 46 years old, is single and has 3 children. She works in her business selling clothing and lingerie. She sells jumpers, trousers, polo shirts, tights, and other clothing. She works from 8am until 7pm taking her stock to different places such as institutions or her friends. Martha has had this business for 8 years now and it is going well for her. Her dream is to have a shop where she can sell her clothing.
Martha is asking for the loan to buy jumpers, tights, polo shirts, trousers and zip jackets.
The member whose photo is attached to the group photo had his photo taken after the meeting. He asked permission because of work reasons. The member whose face is covered with a circle no longer belongs to the Dos de Mayo communal bank.
The other members earn a living selling clothing, rearing animals, or have a grocery shop or sell food.
Martha thanks those who are involved in this dream of hers through this loan and promises to fulfil her loan repayments in the agreed timeframe.
La socia es la Sra. Martha ella es soltera y tiene 46 años y tiene 3 hijos; La socia trabaja en su negocio de venta de ropa y lencería, la socia vende chompas,pantalones,polos,medias entre otras ropas, la socia trabaja desde las 8:00 a.m hasta las 7:00 p.m llevando a diferentes lugares como instituciones o sus amigos, la socia ya tiene 8 años en este negocio y le va muy bien, el sueño de la socia es tener un atienda donde pueda vender la ropa. La socia solicita el crédito para comprar chompas, medias, polos pantalones y casacas.
El socio que esta pegado a la foto grupal se le tomo la foto despues de la reunion porque pidio permiso por motivos de trabajo.
El socio que esta tapado con un circulo su cara ya no pernetece al banco comunal Dos de Mayo.
Los otros socios se dedican al negocio de venta de ropa, negocio de crianza de animales, negocio de tienda de abarrotes y negocio de venta de comida.
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 communal bank "Dos de mayo" ["Second of May"]. This bank is located in the district of Cusco, which is part of the Cusco province and the Cusco region. The member, Luzgarda, is 50 years old and married, and has 3 children. She alternates her daily activities with her… More from Dos De Mayo 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