Punku Mayor De Maras Group
Update on Punku Mayor De Maras GroupThese members belong to the “Punku Mayor de Maras” communal bank. This bank is located in the Maras district, Urubamba province in the department of Cusco.
One member, Leonor, is 23 years old. She is married and has two children. She works in her own business—a small grocery store. She also works selling trout. She sells basic necessities such as rice, sugar, milk, and oil, working from 8:00 a.m. until 6:00 p.m. At this point, she has been doing this type of work for a year, and it is going really well for her.
Her dream is to expand her grocery store business. She is asking for this loan to buy milk, sugar, oil, and rice. She thanks those who are part of her dream in this way and is committed to making her payments according to the established schedule.
The other group members work in agriculture, grain sales, animal sales, and a grocery store.
La socia es la Sra. Leonor ella es casada y tiene 23 años y tiene 2 hijos; La socia trabaja en su negocio de tienda de abarrotes y también la socia se dedica al negocio de venta de truchas, la socia vende productos de primera necesidad como arroz, azúcar, leche y aceite, la socia trabaja desde las 8:00 a.m hasta las 6:00 p.m, la socia ya tiene 1 año 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 agricultura, negocio de venta de granos, negocio de tienda de abarrotes y negocio de venta de animales.
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 community bank Punku Mayor de Maras. This bank is located in the district of Maras which is in the province of Urubamba and the department of Cusco. One member is Dolores, who is married and 67 years old and has 3 children. She works in her business selling vegetables.... More from Punku Mayor De Maras Group's previous loan »
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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