Juntas Y Unidas Group
Update on Juntas Y Unidas GroupThe members belong to the “Juntas y Unidas” communal bank. This bank is located in the district of Cusco, part of the Cusco province and department. The member in question is Marilu, she is married, 41 years old and has one child. Marilu works in her business selling construction materials such as paint, plaster, cement and bricks, working from 8:00 am to 6:00 pm. Marilu has been working in this business for 5 years and it is going very well for her. Her dream is to expand the construction material business. She is seeking this loan to buy paint, bricks and cement.
The other members make their living selling books, selling cakes, selling fabrics and construction materials.
Marilu is grateful to those people who form part of this dream through this method, and she pledges to meet the repayments in the fixed time frame.
La socia es la Sra. Marilu ella es casada y tiene 41 años y tiene 1 hijo; La socia trabaja en su negocio de venta de materiales de construcción como pinturas,yeso,cementos y ladrillos, la socia trabaja desde las 8:00 a.m hasta las 6:00 p.m,la socia ya tiene 5 años en este negocio y le va muy bien, por medio de este negocio a la socia le va muy bien, el sueño de la socia es ampliar el negocio de venta de materiales de construcción. La socia solicita el crédito para comprar pinturas, ladrillos, pinturas y cementos.
Los otros socios se dedican al negocio de venta de libros, negocio de venta de tortas, negocio de venta de tejidos y negocio de venta de materiales de construcción.
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 DetailsA group of friends and neighbors formed the "Juntas y Unidas" communal bank in Cusco district, in the province of Cusco. The communal bank has operated for several years now and is well organized. This communal bank is made up of people who continually seek opportunities to succeed, and throu... More from Juntas Y Unidas 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