El Altiplano Group
Update on El Altiplano GroupThe members belong to the communal bank El Altiplano. This bank is located in the district of Anta, belonging to the province of Cusco, department of Cusco.
The member is Yanira. She is single, 39 years old and has 2 children. The member alternates her daily activities with the business of selling jackets. Things are going well with her business thanks to the effort she puts in each day to her work. She works in one of the fairs held on Saturdays. She is a responsible and diligent person. She wants to be able to continue working in this way to support her family.
The member is asking for a loan in order to buy jackets for her business.
The other members work selling cellphones, in clothing businesses, grocery stores, and selling linens.
The person with a covered face does not belong to the communal bank.
The members in the attached photo asked permission to arrive late to the meeting because of work reasons.
The member is grateful to those who are a part of this dream through this means and she is committed to making her payments on time.
La socia es la Sra. Yanira ella es soltera tiene 39 años y tiene 2 hijos; La socia alterna sus actividades diarias con el negocio de venta de casacas, la socia lleva buen tiempo con su negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia vende en una de las ferias que se realizan los días sabados, la socia es una persona responsable y empeñosa, la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el crédito para la compra de casacas para su negocio.
Los otros socios se dedican al negocio de venta de celulares, negocio de ropa, negocio de tienda de abarrotes, venta de lencería y negocio de venta de ropa.
La persona que sale con la cara tapada no pertenece al banco comunal.
Los socios que salen en la foto adjunta pidieron permiso para llegar tarde a la reunión por motivos de trabajo.
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 EL ALTIPLANO Communal Bank. This bank is located in the Anta district, in Cusco province, Cusco department, María Elena is one of the members. She is 41 years old, single, and has one child. She runs a stall selling basic supplies such as rice, sugar, milk, and oil. The sta... More from El Altiplano 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.
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Success!! The loan was 100% repaid