Qory Orcco - Pucyura Group


Status: Paying Back

$3,775.00   Loan Amount
18% repaid

About the Group

(For privacy reasons, the Field Partner has requested that last names be undisclosed)
Group Name: Qory Orcco - Pucyura Group
Group Members: PAULINA
PAULINA
ANGEL
EDUARDA
AMANDA
CARLA
JOSE
RUBERT MILTON
GENARO (not pictured)
DINA MAGDA
Location: Anta, Peru
Activity: Agriculture

About the Loan

Loan Amount: $3,775.00
Loan Use: Operating capital for their agricultural, livestock, and commercial businesses
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 21, 2009
Date Disbursed: Sep 17, 2009
Date Funded:Sep 22, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:2.8900 PEN = 1 USD



The members of the Communal Bank “QORY ORCCO – PUCYURA” live in the district of Anta in the province of Cusco. The group consists of 10 active members. Sr. Genaro was absent at the time the photo was taken due to health problems.


Our members are mainly involved in agriculture and livestock. However, they also have various side businesses to help supplement their income. Some examples of their businesses include running a tavern, driving a taxi, managing a brick making business (which employs some of the members), extracting stones from a quarry, and selling groceries.


Our members appreciate and value the loan they have received. They promise to make their payments at the established times.


Translated from Spanish by Ronan Reodica, Kiva Volunteer


Los miembros del banco comunal “QORY ORCCO – PUCYURA”, están situados en el distrito de Anta en la provincia de Cusco; este banco está conformado por 10 miembros activos, estuvo ausente el señor Genaro, debido a un un problema de salud.

Nuestros socios tienen como primera actividad la agricultura y la ganadería y complementan a esto el comercio minorista, muchos de los socios tienen sus diferentes negocios, un socio tienen su grifo, otro tiene su taxi, otros tienen su empresa de bloquetas y algunos trabajan en ellas, otro tiene su mina de donde extrae piedras, otros tienen tiendas abarrotes y otros se dedican a la agricultura y la ganadería y sus derivados.

Nuestros socios agradecen y valoran el préstamo otorgado mediante este medio y así mismo se comprometen en cumplir con el pago de sus cuotas en el plazo establecido.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Journal entries for Qory Orcco - Pucyura Group


Loan has been disbursed
 
Entrepreneur: Qory Orcco - Pucyura Group
Location: Anta, Peru

Thank you for your loan. It has been disbursed to Qory Orcco - Pucyura Group, consisting of PAULINA, PAULINA, ANGEL, EDUARDA, AMANDA, CARLA, JOSE, RUBERT MILTON, GENARO, DINA MAGDA by Asociación Arariwa in Peru. We are excited to watch this business grow. Over the 3 months of this loan, Asociación Arariwa will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Anta, Peru
Sep 23, 2009
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Kiva Help Repayment Schedule for Qory Orcco - Pucyura Group

  Expected Repayments Actual Repayments Comments
December 2009 $888.97 $710.32  
January 2010 $924.53 Available Jan 1  
February 2010 $961.52 Available Feb 1  
March 2010 $999.98 Available Mar 1