Señor De Puquin Group
Update on Señor De Puquin GroupSanta Virginia’s a member of the “Señor de Puquin” communal bank which is located in Wanchaq District in Cusco Province and Department. She’s 39-years-old, married and has four children. She alternates her daily activities with selling crafts. She knits items like sweaters, shawls and gloves, among others. She’s been in this business for some time and does well thanks to the effort she puts into it every day. She sells her merchandise to customers who most request it like tourist shops. She’s a responsible, hardworking person and this is how she supports her family. She’s requesting the loan to buy supplies like alpaca wool. She is grateful for the granted loan and commits to make her installment payments as scheduled.
The members in the inserted photo had asked permission to be late for the meeting.
The other members are innkeepers, grocers, sell crafts, have a restaurant, sew and work in accounting.
La socia Santa Virginia, la socia tiene 39 años de edad, casada y tiene 04 hijos, la socia alterna sus actividades diarias con el negocio de venta de artesanía, la socia elabora tejidos como chompas, chalinas, guantes entre otros, la socia lleva buen tiempo en este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia distribuye su mercadería a sus clientes que más le solicitan como tiendas de turismo, la socia es una persona responsable y empeñosa siendo de eta manera que ella saca adelante a su familia.
La socia solicita el préstamo para la compra de materiales como lana de alpaca.
Las socias que salen adjuntas en la foto pidieron permiso para llegar tarde a la reunion.
Los otros socios se dedican a la hotelería, tienda de abarrotes, venta de artesania, restaurante, confeccion, asistencia contable.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsThe members belong to the “Señor de Puquin" communal bank, located in the district of Cusco, which is part of Cusco province, in Cusco department. Ines is 54. She lives with her partner, and has five children. She has a business selling meals. She prepares various food dishes, such as baked ch... More from Señor De Puquin 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