Nuevo Amanecer Group
Update on Nuevo Amanecer GroupThese ladies are members of the “NUEVO AMANECER” communal bank, located in the Cusco district, province and department.
Augusta is 54 years old, married and has four children. She sells glass, works from 8:00 am to 7:00 pm, and has been doing this for 22 years. Things are going well for her and she likes to fish with her children in her spare time. Her goal is to expand her business and is asking for this loan to buy glass in quantity.
The other members sell breakfasts, groceries, arts and crafts, and internet services. [Augusta’s] picture is added to the group photo because she had to work when the photo was taken.
She is grateful to those who form part of this dream through this means and she is committed to making her payments on schedule.
La socia es la Sra. Augusta ella es casada y tiene 54 años y tiene 4 hijos; La socia trabaja en su negocio de venta de vidrios, la socia vende desde las 8.00 a.m hasta las 7:00 p.m,la socia ya tiene 22 años en este negocio y le va muy bien, en sus tiempos libres a la socia le gusta salir a pasear con sus hijos, el sueño de la socia es ampliar el negocio de venta de vidrios. La socia solicita el préstamo para comprar vidrios al por mayor.
Los otros socios se dedican al negocio de venta de desayunos, negocio de venta de tienda de abarrotes, negocio de venta de artesanías y negocio de venta de internet.
La socia que esta pegada a la foto grupal se le tomo despues la foto porque pidio permiso por motivos de trabajo.
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 DetailsGroup member Primitiva is 49 years old, married, and has two children through that wonderful relationship (Luis Enrique, 31, and Karla, 22). She is a Cusco native and still lives in the same city. Primitiva has a small workshop in her home where she designs her products to later be sold and d... More from Nuevo Amanecer 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