Micaela Bastidas Group
Update on Micaela Bastidas GroupMartina is a member of the communal bank MICAELA BASTIDAS. The bank is located in the District of Cusco in Cusco Province, Department of Cusco.
Martina continues to work on her business, a groceries store. She is a responsible person, and she sells different types of products for all her customers who ask her for them. She also makes a living selling broths, and she would like to continue working like this in order to keep supporting her family.
She is asking for a loan to buy rice, sugar and milk, among other things.
She is grateful for the loan she was granted, and promises to pay it back according to her repayment plan.
The other members make a living selling clothes, beauty products and underwear.
The member who appears in the attached photo asked for permission to arrive late to the meeting because of work reasons.
La socia Martina continua con su negocio de tienda de abarrotes, la socia es una persona responsable, la socia vende diferentes tipos de productos para todos sus clientes que le solicitan, la socia a la vez sigue dedicándose a la venta de caldos, la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el crédito para la compra de arroz, azucar, leche entre otros.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Los demás socios se dedican la venta de ropa, productos de belleza, venta de ropa(lencería).
La socia que sale en la foto adjunta pidio permiso para llegar tarde a la reunion por motivos de trabajo.
Previous Loan DetailsMartina is a member of the Communal Bank “Micaela Bastidas”, which is located in the District of Cusco in Cusco Province, Department of Cusco.
She is 39 years old, in a common-law relationship, and has two children. Martina divides her time between her daily activities and her groce... More from Micaela Bastidas 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