Juntos Podemos Group
Update on Juntos Podemos GroupThe members belong to the "JUNTOS PODEMOS" ("TOGETHER WE CAN") communal bank which is situated in Cusco province, in Cusco region. Ulda is 33 years old, separated and the mother of 2 children. She divides her time between her daily activities and her business making and selling handicrafts: dolls, backpacks and traditional blankets, among other things. Ulda has been in this business for some years now and is successful thanks to the effort which she puts into it on a daily basis. She sells all her merchandise from her shop in the city centre and her responsible and determined approach enables her to support her family. She is applying for the loan to buy materials such as leather and alpaca wool. The other members of the group work in French fries and hotdog sales, clothing sales, metalwork, carpentry, handicrafts sales and teaching. Ulda is grateful to those who are part of her dream in this way and is committed to make her repayments within the agreed period.
La socia es la Sra. Ulda ella es separada, tiene 33 años y tiene 2 hijos; La socia alterna sus actividades diarias con su negocio de venta de artesania,la socia elabora muñecas ,mochilas, matas típicas entre otros, la socia lleva años en este negoció el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia cuenta con una tienda donde vende toda su mercadería por el centro de la ciudad, la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el crédito para la compra de materiales como cuero y lana de alpaca .
Los otros socios se dedican a la venta de salchipapas, venta de ropa, carpintería metálica, carpinteria, venta de artesania, docente.
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 DetailsJesusa is 44 years old and is married. She and her husband have four children. She is a native of the province of Cusco in the department of Cusco and lives in the same province where she was born. (She is raising her hand in the photograph.) She is an enterprising and responsible mother wh... More from Juntos Podemos 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