Fuerza 2008 Group
Update on Fuerza 2008 GroupThese entrepreneurs belong to the communal bank "FUERZA 2008" which is located in the district, province and department of Cusco.
One of the members is Lourdes, 48, who is single and has two childen. She has a craft business and makes earrings, necklaces and bracelets which she sells independently to different people. Her working hours are from 9:00 a.m. to 6:00 p.m. and she has been in business for five years, with things going well for her. In her free time she enjoys going out with her children. Her goal is to expand her jewelry caft business. The loan Lourdes is requesting is to buy materials such as cords and stones to make necklaces, braceles and earrings.
She is grateful to everyone taking part in this loan and is committed to paying it back on time.
The other members are involved in businesses such as fabric sales, food sales, a grocery store business and a craft business.
The small photo in the bottom left-hand corner is of a member who could not be present for the group photo for work reasons.
La socia es la Sra. Lourdes ella es soltera y tiene 48 años y tiene 2 hijos; La socia trabaja en su negocio de venta de artesanía, la socia hace trabajos de aretes, collares y pulseras y lo vende en forma independiente las diferentes personas, la socia trabaja desde las 9:00 a.m hasta las 6:00 p.m, la socia ya tiene en este negocio 5 años y le va muy bien. en sus tiempos libre a la socia le gusta salir con sus hijos, el sueño de la socia es ampliar el negocio de venta de aretes, pulseras y collares. La socia solicita el crédito para comprar materiales para hacer los collares, pulseras y aretes como hilos y piedras.
El socio que esta pegado a la foto grupal se le tomo despues de la foto porque pidio permiso por motivos de trabajo.
Los otros socios se dedican al negocio de venta de tejidos, negocio de venta de comida, negocio de tienda de abarrotes y negocio de artesanía.
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 DetailsThe members belong to the communal bank "Fuerza 2008"; This bank is located in the district of Cusco, located in the province of Cusco and the department of Cusco. The member is Gisel Rossana. She is single and is 21 years old. She works in her business selling pizza. The member prepares pizza... More from Fuerza 2008 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