Virgen De Copacabana Group
Update on Virgen De Copacabana GroupThese are the members of the “Virgen del Carmen” community bank, located in Cusco, in Cusco province, Cusco department.
Maribel is a member of this group. She continues with her business selling salchipapas (hotdog and fries) and pollipapas (chicken and fries), and still sells them from the door of her home. She is a responsible and hard-working person, who sells salchipapas to all her customers who ask for them. She has had her business for a long time, and it provides her with personal satisfaction as well as financial reward, this being her means of supporting her family.
Maribel is requesting the loan to buy chicken and hotdogs among other items.
The other members make a living making snacks, selling kebabs, as a master builder, as a taxi driver, and in farming. The members in the photograph above had to apologise for arriving late to the meeting for work reasons.
Maribel is grateful to those who contribute to her dream through Kiva and promises to make her loan repayments on time.
La socia es la Sra. Maribel, la socia continua con su negocio de venta de salchipapas, pollipapas, la socia continua vendiendo de forma ambulatoria en la puerta de su casa, la socia es una persona responsable y empeñosa, la socia vende las salchipapas a todos sus clientes que le solicitan, la socia lleva buen tiempo con su negocio el cual le trae satisfacciones personales y economicos, siendo de esta manera que la socia saca adelante a su familia.
La socia solicita el crédito para la compra de pollo, salchichas entre otros.
Los otros socios se dedican a la venta de artesanía elaboración de refrigerios, venta de anticuchos, maestro constructor, brindando el servicio de taxi, agronomía.
Las socias que salen en la foto adjunta pidieron permiso para llegar tarde a la reunión por motivos de trabajo.
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 "Virgen del Carmen" communal bank. This bank is located in the district of Cusco, belonging to the province and department of Cusco. Sra. Maribel is single, 36 years old, and has two children. She alternates her daily chores with her business selling salchipapas [fried… More from Virgen De Copacabana 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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