Andres Avelino Caceres Group
Update on Andres Avelino Caceres GroupThe members belong to the "Andres Avelino Caceres" communal bank. This bank is located in the district of Cusco, in Cusco province in Cusco department.
The member is Yemi. He is 35 years old, has 1 child, and lives with his partner. He rotates his daily activities providing a taxi service. He has been doing this work for years, and it is going well for him thanks to the effort that he puts into his business every day. He works Monday through Friday from 7:00 a.m. until approximately 7:00 p.m. He is a responsible and dedicated person, and this is how he moves his family ahead.
He is asking for the loan for car maintenance such as changing the oil.
The other members have businesses selling groceries, handcrafts, chicha (a traditional drink), sweets, and religious sculpture, and also raising small animals. The member who appears in the attached photo asked for permission to come late to the meeting.
Yemi thanks those who are part of this dream through this medium, and he promises to make his loan repayments within the established schedule.
El socio es el señor Yemi, el socio tiene 35 años de edad,01 hijos y es conviviente; 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 tienda de abarrotes, venta de artesanía, venta de chicha, venta de golosinas, crianza de animales menores, imaginería.
La socia que sale en la foto adjunta pidió permiso para llegar tarde a al reunión.
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 DetailsThese members belong to the “ANDRES AVELINO CACERES” communal bank, located in the Cusco district, province, and department. Rosamaria is 36 years old, married, and has two children. She has a grocery store business and sells primary needs products, such as rice, sugar, milk, cooking oil, and... More from Andres Avelino Caceres 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