Camino Al Futuro Group
Update on Camino Al Futuro GroupIntroducing the members of "Camino al Futuro” (Way to the Future), a Communal Bank located in the district, province and department of Cusco.
Raúl is one of the members of the group. He lives with his life partner, he is 41 years old and he has 2 children. He alternates his daily chores with his activity as a taxi driver. He has been engaged in this activity for many years and things are going well thanks to the determination he daily works with. He works Mondays to Fridays from 7 am to 7 pm approximately. Raúl is a responsible and persevering person, as though this activity she provides for her family.
He is requesting a loan to pay for maintenance works on his vehicle such as changing oil.
The other members of the group engage in running a small café, making backpacks, selling snacks, running a photo lab, selling ice-creams, designing and producing videos and working for city transportation services.
The person hidden behind the white dot is not a member of the Communal Bank.
He is grateful to those that will help him making his dream come true through this mean, and he commits to complying with the repayment of his dues according to schedule.
El socio es el señor Raúl, el socio es conviviente y tiene 41 años y tiene 2 hijos; él socio alterna sus actividades diarias brindando el servicio de taxi, el socio lleva años en este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, él socio trabaja de lunes a viernes desde las 07:00am hasta las 07:00pm aproximadamente, el socio es una persona responsable y empeñosa siendo de esta forma que el socio saca adelante a su familia.
EL socio solicita el crédito para el mantenimiento de su carro como en el cambio de aceite.
Los otros socios se dedican al negocio de venta de cafetín, confección de mochilas, snack, laboratorio fotográfico, venta de helados, diseño y producción de videos, servicio urbano.
La persona que sale con la cara tapada no pertenece al banco comunal.
EL socio 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 “CAMINEMOS AL FUTURO” (Let’s Head for the Future) communal bank which is located in Cusco District belonging to Cusco Province and Department. Gregorio Eugenio, 48, is married and has two children. He has a fast food business selling ice cream, meals, turnovers and... More from Camino Al Futuro 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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