Banco Del Desarrollo Group
Update on Banco Del Desarrollo GroupThe members belong to the “Banco del Desarrollo" communal bank. This bank is located in Cusco district, which is part of Cusco province and Cusco department.
The member is Miriam Laura. She is 42, married, and has a son. She works at her bookstore business and sells notebooks, pens, pencils and erasers. She works from 8:00 a.m until 7 p.m. She has eight years in this business already and it is going very well.
The member's dream is to expand her bookstore business. She is requesting a loan in order to buy notebooks, pens, pencils and erasers. The members who are attached to the group photo had their pictures taken after the meeting, because they requested permission due to work reasons. We hope that by the next meeting everyone will be in attendance.
The other members work in a laundry business, an Internet café, grocery store business and restaurant. The member is grateful to those who form part of this dream by this means, and promises to make her installment payments on a timely basis.
La socia es la Sra. Miriam Laura ella es casada y tiene 42 años y tiene 1 hijo; La socia trabaja en su negocio de librería, la socia vende cuadernos, lapiceros, lápices y borradores, la socia trabaja desde las 8:00 a.m hasta las 7:00 p.m, la socia ya tiene 8 años en este negocio y le va muy bien, el sueño de la socia es ampliar el negocio de librería. La socia solicita el crédito para comprar cuadernos,lapiceros,lápices y borradores.
Los socios que estan pegados a la foto grupal se les tomo la foto despues de la reunion porque pideron permiso por motivos de trabajo esperemos que para la proxima reunion esten todos reunidos.
Los otros socios se dedican al negocio de lavandería, negocio de internet, negocio de tienda de abarrotes y negocio de restaurant.
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 DetailsA group of friends and neighbors from the city of Cusco formed the “Banco de Desarrollo” (Development Bank) communal bank. It consists of people who are always seeking ways to get ahead and with their daily effort provide a better future for their children. The members carry out a variety of… More from Banco Del Desarrollo 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