Luceros De Lucma Group
Update on Luceros De Lucma GroupThis group member belongs to the communal bank LUCEROS DE LUCMA, which is situated in the Lucma sector, in the district of Vilcambamba, province of La Convención and department of Cusco.
Severina is 50 years old, she lives with her partner and has five children. She divides her working time between raising livestock and crops. She has worked in this business for a considerable time, and it is going well for her thanks to the effort that she puts in every day. She is a responsible and diligent person, who wishes to carry on working in order to continue supporting her family. She is asking for a loan to buy fertilizer and seeds among other items.
The other members of the group work in agriculture, food sales, a restaurant, growing coffee and drinks sales.
Severina is grateful for the loan offered and promises to make her agreed repayments.
La socia Severina tiene 50 años de edad es conviviente y tiene 05 hijos, la socia alterna sus actividades diarias dedicándose a la ganadería y a la agricultura, la socia lleva buen tiempo dedicándose a este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia es una persona responsable y empeñosa, la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el crédito para la compra de abono, semillas entre otros.
Los demás socios se dedican a la agricultura, venta de alimentos, restaurante, cultivo de café, venta de bebidas.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsShe is a member of the LUCEROS DE LUCMA communal bank, located in the tie Lucma area of the Vilcambamba district, Convención province, and Dusco department. Aleja is 48 years old, married, and has two children. She has a snack business and sells candy, suckers, cookies, and other things, and ... More from Luceros De Lucma 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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