Santa Rosa De Collana Group
Update on Santa Rosa De Collana GroupThese village bank members belong to "SANTA ROSA Collana". This bank is located in the district, province and region of Cusco.
One member is Mrs. Roxana, 24 years old, she and her partner have three children. This member's business is selling from a small restuarant and she also sells “chicha” beer (a corn based beer beverage). Her small restaurant sells lunches and dinners and from this small business she hopes to get ahead. Her dream is to expand the restaurant business and the sales of the chicha beer and also to purchase cooking products such as meat, chicken and vegetables.
Other partners in the group also work in the restaurant business in addition to animal husbandry, food sales, clothing sales and guinea pig sales.
This member is greatful to those who make this dream possible. She is committed to making the loan repayments on time.
La socia es la Sra. Roxana; ella es conviviente y tiene 24 años y tiene 3 hijos; La socia trabaja con su negocio de venta de un pequeño restaurant y también la socia vende chicha (es una bebida a base de maíz), la socia en su pequeño restaurant vende almuerzos y cenas, por medio de estos pequeños negocios la socia quiere salir adelante, el sueño de la socia es ampliar el negocio de restaurant y el negocio de venta de chicha. La socia solicita el préstamo para comprar insumos para preparar chicha como maíz y también para comprar productos para cocinar como carne, pollo y verduras.
Los otros socios se dedican al negocio de venta de restaurant, negocio de crianza de animales, negocio de venta de comida, negocio de venta de ropa, negocio de venta de cuyes.
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 Santa Rosa de Collana community bank is currently in its sixth loan cycle. It is made up of hardworking and enterprising people who are always seeking opportunities to get ahead in life, and to provide their children with a brighter future by working hard every day. The following people are m... More from Santa Rosa De Collana 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