Lideres Del Tercer Milenio Group
Update on Lideres Del Tercer Milenio GroupThe LIDERES DEL TERCER MILENIO Communal Bank is located in the Wanchaq district in the province of Cusco, department of Cusco.
Genaro is 40, married, and has three children. He alternates his daily chores with his business buying and selling books. He travels to the cities of Lima and Arequipa to buy merchandise to later sell to his customers, such as bookstores. He also has a little car with which he provides inter-provincial transportation every day. He is a very happy and responsible person, with a great desire to get ahead for the sake of his family.
He is requesting this loan to increase his stock of books to sell.
The other members buy and sell photocopiers, sell books, provide transportation for tourists, and sell newspapers.
Genaro is grateful to be able to get his loan this way and promises to repay his quotas. The members at the top of the photo are those who were unable to attend for work reasons.
El socio Genaro tiene 40 años es casado y tiene 3 hijos; el socio alterna sus actividades diarias con el negocio de compra y venta de libros el socio viaja hasta la ciudad de Lima y Arequipa para comprar su mercadería para luego distribuirlo a sus clientes que el solicitan como por ejemplo : librerías, él socio a la vez cuenta con un carrito que lo alquila brindando el servicio interprovincial todos los días, él socio es una persona bien alegre y responsable con muchas ganas de salir adelante por su familia.
El socio solicita el prestamo para aumentar mas mercaderia para su negocio de libros.
Los otros socios se dedican a la compra y venta de fotocopiadoras, venta de libros, transporte turístico, venta de periódicos.
El socio agradece este medio por el cual le facilita el crédito y se compromete a cumplir con los pagos.
(los socios que aparecen en la parte superior de la fotografia son socios que pidieron permiso por motivos de trabajo ).
Previous Loan DetailsThese women belong to the “Líderes del Tercer Milenio” (Leaders of the Third Millenium) community bank which is located in Cusco district, in the province and department of the same name. Rosvet is single. She buys and sells guinea pigs. She studied a university course in zootechnics (animal... More from Lideres Del Tercer Milenio 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