Los Progresistas Group
Update on Los Progresistas GroupThese members belong to Los Progresistas Communal Bank. This bank is located in the district of Cusco, part of the province and department of Cusco.
The featured member is Sra. Segundina. She is unmarried, 73 years old and has two children. She has a business selling clothing and lingerie. She sells sweaters, pants, shirts and socks, among other clothes. She works fronm 8 a.m. until 7 p.m. taking her wares to different places, such as establishments or to her friends. This member has had this business for 8 years and it has done very well. Her dream is to have a shop where she can sell her clothing. She is requesting a loan to purchase sweaters, stockings, shirts, pants and jackets.
The members whose photos are attached to the group photo had their pictures taken after the group photo because they requested permission to be absent due to work commitments.
The member whose face is blanked out no longer belongs to Los PLrogresistas Communal Bank.
The other members engage in businesses selling teddy bears, sweets, groceries and a travel agency
Sra. Segundina is grateful to those who are part of this dream through this medium and is committed to making her payments within the established time period.
La socia es la Sra. Segundina ella es soltera y tiene 73 años y tiene 2 hijos; La socia trabaja en su negocio de venta de ropa y lencería, la socia vende chompas,pantalones,polos,medias entre otras ropas, la socia trabaja desde las 8:00 a.m hasta las 7:00 p.m llevando a diferentes lugares como instituciones o sus amigos, la socia ya tiene 8 años en este negocio y le va muy bien, el sueño de la socia es tener un atienda donde pueda vender la ropa. La socia solicita el crédito para comprar chompas, medias, polos pantalones y casacas.
Las socias que estan pegadas a la foto grupal se les tomo despues la foto porque pideron permiso por motivos de trabajo.
La socia que esta tapada con un circulo su cara ya no pertenece al banco comunal Los progresistas.
Los otros socios se dedican al negocio de venta de peluches, negocio de venta de golosinas, negocio de tienda de abarrotes y negocio de agencia de viajes.
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 group members belong to the communal bank "Los Progresistas" (The Progressives). This bank is located in the Cusco district, within the Cusco province and Cusco department. Ingrid is a group member, is single, and is 26 years old. She alternates working in public service and in another f... More from Los Progresistas 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