Cristo Campesino Group
Update on Cristo Campesino GroupFelicitas is a 69-year old widow. She has 2 children who are independent and she lives in the community of Huacaytaqui. She is a member of this communal bank and she works alone raising small livestock such as guinea pigs and poultry in a home-based and traditional way from her patio, and the guinea pigs from her kitchen. She started to grow in a progressive way and she increased her flock of poultry and she purchase guinea pigs in wholesale. She now has a significant business and as she is by herself it has been a very profitable venture. But she needs more hands to help so her eldest son is helping her. He bought a truck from the proceeds of the sale of some land to transport her poultry and guinea pigs to the different fairs. She is always highly sought out and clients some looking for her to her house. She set up her poultry in a coop with cages holding 100 poultry and medium-sized cages for the guinea pigs. She is very satisfied because she now requires to invest in the purchase of 200 poultry and 100 guinea pigs. She also needs to condition the space. This business helps her to support her children in their schooling and other matters. She is thankful for the opportunity provided to her through this medium. It has caused her a great deal of happiness, financial growth, and family unity.
Previous Loan DetailsThe "Cristo Campesino" community bank is located in the village of Huacaytaqui, province of Quispicanchis, department of Cusco, Peru. One of the members is Vicentina, a 40-year-old divorced mother of two children. She runs a small general store, selling primary-need products such as sugar, rice, ... More from Cristo Campesino 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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Oct 14, 2011
- Oct 18, 2011
- Currency Exchange Loss:
- Nov 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.