Siempre Unidos Group
Update on Siempre Unidos GroupMember Estherlin is still in business selling food at her grocery store. She sells her products to the customers that come in. She has been doing this for quite some time now, and her business rewards her both financially and personally. She is a joyful person and she wants to keep working so that she can continue supporting her family.
She is requesting this loan to buy merchandise for her store, such as milk and sugar. She is grateful to Kiva lenders and promises to comply with her payment terms.
The other members work selling cell phones, selling clothing, grocery store, selling potatoes, selling food, preparing drinks. The person whose face is covered does not belong to the communal bank. The members in the attached photos had persmission to arrive late to the meeting because of work.
La socia solicita el crédito para la compra de mercadería para su tienda como azúcar y leche.
La socia se siente agradecida con los inversionistas de Kiva y se compromete a cumplir con sus cuotas establecidas.
Los otros socios se dedican al negocio de venta de celulares, venta de ropa, tienda de abarrotes, venta de papa, venta de comida, preparación de bebidas.
La persona que sale con la cara tapada no pertenece al banco comunal.
Los socios que aparecen a la foto adjunta pidieron permiso para llegar tarde a la reunión por motivos de trabajo
Previous Loan DetailsThe featured group member, Estherlin, is thirty-five years old. She has three children and is separated. She divides her daily activities between her business selling food and her grocery store. She has been dedicating her time to these businesses for a while, and everything is going well than... More from Siempre Unidos 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
- Dec 27, 2013
- Dec 31, 2013
- Currency Exchange Loss:
- May 17, 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.