Los Exitosos Group
Update on Los Exitosos GroupThese members belong to the communal bank "Los Exitosos" (The Successful Ones). This bank is located in the district of Cusco, which belongs to the province and department of Cusco.
One member is Señora Celinda. She is married and is 39 years old. She has 3 children. She alternates her daily activities with her business of selling clothing. She has been working in the business for some time, and it is going well for her thanks to the effort that she puts into it every day. She works on order for all the customers who come to her, such as friends and relatives, among others. She wants to be able to continue working so that in this way she can continue supporting her family.
She is applying for the loan to buy jackets for her business.
The group member in the added photo asked permission to arrive late for the meeting because of work reasons.
The other members work in handicrafts, a grocery store, selling beauty products, and sewing.
Señora Celinda is grateful to those who form part of this dream through this means, and she promises to make her payments according to the established schedule.
La socia es la Sra. Celinda ella es casada y tiene 39 años y tiene 3 hijos; La socia alterna sus actividades diarias con el negocio de venta de ropa, la socia lleva buen tiempo dedicándose a este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia trabaja a pedido para todos sus clientes que le solicitan como amistades, familiares, entre otros, la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el crédito para la compra de casacas para su negocio.
La socia que sale en la foto adjunta pidio permiso para llegar tarde a la reunion por motivos de trabajo.
Los otros socios se dedican al negocio de artesanía, negocio de tienda de abarrotes, negocio de venta de productos de belleza y costurera.
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 borrowers are part of the Communal Bank “Los Exitosos” (The Successful Ones). The bank is located in the District, Province, and Department of Cusco.
One of the borrowers is Sra. Clara. She is 37 years old, married, and has three children. Clara works at her business of selling… More from Los Exitosos 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