Update on Atipay GroupLuz Rocio belongs to the Communal Bank ATIPAY, she is 41 years old and lives with her partner. As part of her daily activities she sells shoes by catalog (footwear for women, men and children), either working as a street merchant or through orders that her customers place.
Luz has been in this business for some time now, and it is going well thanks to the efforts that she invests in this activity. She wants to keep on working like this in order to continue to provide support to her family. Luz is now requesting this loan to buy women's shoes for her business.
The other partners in this group work in diverse activities: the production of snacks, school transportation, teaching, surveying assistant, selling shoes, selling cosmetics, renting out traditional costumes, restoring art, employees of the public sector, and teaching music.
La socia solicita el crédito para la compra de zapatos para damas para su negocio.
Los demás socios se dedican a la preparación de refrigerios, movilidad escolar, docente, apoyo de encuestas, venta de calzados, venta de cosméticos, alquiler de disfraces típicos y otros son restauradores de obras de arte, empleados públicos y otros docentes de música.
Los socios que salen en la foto adjunta pidieron permiso para llegar tarde a la reunión por motivos de trabajo.
La socia agradece a los inversionistas y se comprometen a cumplir con sus cuotas establecidas.
Previous Loan Details(Carmen is raising her hand in the photo) Carmen was born in the city of Puno, but right now she lives in the beautiful city of Cuzco. She is 35 years old and single. Carmen's main economic activity is selling children's, men's and women's shoes. She has been doing this job for several years now… More from Atipay 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