Los Comerciantes De Virgen Asunta Group
Update on Los Comerciantes De Virgen Asunta GroupThese members belong to the “LOS COMERCIANTES DE VIRGEN ASUNTA” communal bank, located in the city of Cusco, in Iscuchaka District, Anta Province, Cusco Department.
Rita is 52 years old, single and has 4 children. She works in her business, a grocery store. She sells basic food items like rice, sugar, milk and oil. She works from 8 am until 10 pm. She has run this business for 5 years and things are going well for her. Her dream is to expand her grocery store. She is requesting the loan to milk, sugar, oil and rice.
The other members work selling chocolates, a cell phone business, a grocery store and a restaurant business.
The member thanks all those who form part of this dream through this loan and promises to pay her installments on time.
La socia es la Sra. Rita ella es soltera y tiene 52 años y tiene 4 hijos; La socia trabaja en su negocio de tienda de abarrotes, la socia vende productos de primera necesidad como arroz, azúcar, leche y aceite, la socia trabaja desde las 8:00 a.m hasta las 10:00 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 chocolates, negocio de venta de celulares, 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 DetailsOur members belong to the communal bank, "Los Comerciantes de Virgen Asunta," which is located in the city of Cusco, in the district of Iscuchaka, in the province of Anta, in the department of Cusco. We have thirteen members in this communal bank. They have different businesses. The majority o... More from Los Comerciantes De Virgen Asunta 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