Las Emprendedoras 2014 Group
Update on Las Emprendedoras 2014 GroupIntroducing the members of “Las Emprendedoras 2014” (Women Entrepreneurs 2014), a Communal Banks located in Quillabamba, a district of the La Convención province in the Cusco department.
Elena is a member of this group. She lives with her life partner, she is 43 and she has 3 children. She works in her own grocery store and she also engages in agriculture. She owns some land where she grows coffee, plantain and cocoa. She sells basic necessities such as rice, sugar, milk and oil, and she works for 8 am to 6 pm. She has been running her activity for 5 years and things are going very well: her dream is to improve her grocery store. She is requesting a loan to buy milk, sugar, oil and rice.
The other members run different activities such as selling meals, selling clothes, running a grocery store and running a restaurant.
Elena is thankful to those that will help her making her dream come true through this mean, and she commits to complying with the repayment of her dues according to schedule.
La socia es la Sra. Elena ella es conviviente y tiene 43 años y tiene 3 hijos; La socia trabaja en su negocio de tienda de abarrotes y también la socia se dedica al negocio de agricultura, la socia tiene un terreno donde cultiva café, plátanos y cacao, la socia vende productos de primera necesidad como arroz, azúcar, leche y aceite, la socia trabaja desde las 8:00 a.m hasta las 6:00 p.m, la socia ya tiene 5 años en este negocio y le va muy bien, el sueño de la socia es ampliar el negocio de tienda de abarrotes. La socia solicita el crédito para comprar leche, azúcar, aceite y arroz.
Los otros socios se dedican al negocio de venta de comida, negocio de venta de ropa, 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 DetailsThese are the members of the “LAS EMPRENDEDORAS 2014” communal bank, located in the Quillabamba district, within the Convencion province and Cusco department. Mirian is 26 years old and has two children. She has a business where she sells fruits and vegetables, such as apples, oranges, grapes,… More from Las Emprendedoras 2014 Group's previous loan »
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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