Nueva Esperanza Group
Update on Nueva Esperanza GroupThe members belong to the Nueva Esperanza communal bank. This bank is located in the district of Cusco, in Cusco province, Cusco department. Silvia is one member. She is single, 42, and has one son. She works in her transportation business. She has a car that carries cargo to different places. It carries various things like animals and fruits to other places. She has been in this business for seven years and it is going very well for her. Her dream is to expand her transportation business. She is asking for the loan to buy tires for her car. The member photos that are attached to the group photo were taken after the meeting because they excused themselves for work reasons. The woman whose face is covered with a circle is no longer a member of Nueva Esperanza communal bank. The other group members have a business selling food, a business selling animals, a grocery store, and a transportation business. Silvia is thankful to those who are part of this dream this way and promises to make her payments on time.
La socia es la Sra. Silvia ella es soltera y tiene 42 años y tiene 1 hijo; La socia trabaja en su negocio de transporte, la socia tiene un carro que servicio de carga a diferentes lugares, su carro lleva diferentes cosas como animales, frutas a otros lugares, la socia ya tiene 7 años en este negocio y le va muy bien, el sueño de la socia es ampliar el negocio de transporte. La socia solicita el crédito para comprar llantas para su carro.
Los socios que estan pegadas a la foto grupal se les tomo despues de la reunion porque pidieron permiso por motivos de trabajo.
La socia que esta tapada su cara con un circulo ya no pertenece al banco comunal Nueva Esperanza
Los otros socios se dedican al negocio de venta de comida, negocio de venta de animales, negocio de tienda de abarrotes y negocio de transporte.
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 DetailsThese are the members of the “Nueva Esperanza” communal bank, located in the Cusco district, province, and department of Cusco. Silvia is 40 years old, married, and has three children. She works in her snack café business preparing sandwiches, empanadas, bread with chicken, soft drinks, and i... More from Nueva Esperanza 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