Villa San Blas Group
Update on Villa San Blas GroupThese members belong to the communal bank "Villa San Blas." This bank is located in the district of Cusco, which belongs to the province and department of Cusco.
One member is Señora Macaria. She is single. She is 42 years old and has 6 children. She works in her business, which is a restaurant. She prepares various dishes such as chicken with potatoes, soups, and saltados with meat. She works from 10:00 am to 5:00 pm. She has had this business for 7 years, and it is going very well for her. Her dream is to expand her restaurant business. She is applying for the loan to buy products for cooking, such as chicken, meat, and vegetables.
The other members have businesses of selling vegetables, selling animals, grocery store, and restaurant.
The group members that are pictured in the attached photos were unable to attend the first reunion due to their work schedule.
This bank member 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. Macaria ella es soltera y tiene 42 años y tiene 6 hijos; La socia trabaja en su negocio de restaurant, la socia prepara diferentes platos como pollo con papas, sopas y saltados de carnes, la socia trabaja desde las 10:00 a.m hasta las 5:00 p.m, la socia ya tiene 7 años en este negocio y le va muy bien, el sueño de la socia es ampliar el negocio de restaurant. La socia solicita el crédito para comprar productos para cocinar como pollo, carne y verduras.
Las socias que estan pegadas a la foto grupal se les tomo la foto despues de la reunion porque pideron permiso por motivos de trabajo.
Los otros socios se dedican al negocio de venta de verduras, negocio de venta de animales, 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 DetailsThe members belong to the communal bank “VILLA SAN BLAS”. This communal bank is located in the district of Cusco, in the province and department of Cusco. The member is Sra. Honoria. She is married and has 5 children. The member works selling handicrafts. She makes purses and wallets and then ... More from Villa San Blas 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