Señor De Puquin Group
Update on Señor De Puquin GroupThese are the members of the SEÑOR DE PUQUIN communal bank, located in the Cusco district, province, and department.
Ines is 56 years old, lives with her husband, and has five children. She has a food business and prepares different dishes, such as roast chicken, meat stew, and soups. She sells on foot and gets her children ahead through this business. She wants to expand and improve her food business and is asking for a loan to buy ingredients such as chicken, meat, and vegetables in quantity.
Julia is the one with her hand raised.
The member whose picture is attached was not able to attend the meeting due to work commitments. The other members are artists, weavers, restaurant owners, food vendors, and sell beauty products. [Julia] is grateful to those who form part of this dream and is committed to making her payments on time.
La socia es la Sra. Ines; ella es conviviente y tiene 56 años y tiene 5 hijos; La socia trabaja con su negocio de venta de comida, ella prepara diferentes platos de comida como pollo al horno, estofado de carne y sopas, y el negocio de venta de comida lo realiza en forma ambulatoria, por medio de estos negocios la socia saca adelante a sus hijos, la socia quiere ampliar y mejorar el negocio de venta de comida. La socia solicita el préstamo para comprar productos para cocinar como pollo, carne y verduras al por mayor.
La socia que levanta la mano es la socia Julia.
La socia que sale adjunta a la foto pidió permiso para llegar tarde a la reunión por motivos de trabajo.
Los otros socios se dedican al negocio de artesanía, negocio de venta de tejidos, negocio de restaurant, negocio de venta de comida, negocio de venta de productos de belleza. 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 DetailsJulia continues with her business of selling clothes. She has spent years in the business, which is going well thanks to the daily effort that she puts into her business. She sells different types of clothing like sweaters, jackets, pants, and children’s clothes, among others. She sells to her... More from Señor De Puquin 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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Nov 26, 2013
- Dec 2, 2013
- Currency Exchange Loss:
- Apr 16, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.