Update on Pumamarca GroupThe members belong to the "Pumamarca" community bank. This bank is located in the district of Cusco, belonging to the province and department of Cusco.
The member is Emiliana. She is married and is 49 years old and has one son. The member works with her farming business. She has farmland where she plants vegetables like cabbage, onion, beets, among others. The member also is dedicated to a business raising animals like guinea pigs. The member sells as much animals as vegatables in the market. Through this business, the member will get her son ahead. She wishes to expand and improve the businesses selling vegetables and raising animals. The member is requesting the loan to purchase fertilizer and seeds for her farmland and also to buy guinea pigs.
The other members are dedicated to the business of selling animals, a carpenter shop, a business selling "chicha" (a drink), a business selling chicken, a business producing vegetables.
The member is thankful to those who form part of this dream in this manner and promises to make her payments on time.
La socia es la Sra. Emiliana; ella es casada y tiene 49 años y tiene 1 hijo; La socia trabaja con su negocio de agricultura, ella tiene un terreno de cultivo donde siembra verduras y hortalizas como repollo,cebolla,beterraga entre otras verduras, la socia también se dedica al negocio de crianza de animales como cuyes, tanto los animales como las verduras la socia vende en el mercado, por medio de este negocio la socia saca adelante a su hijo, la socia quiere ampliar y mejorar los negocios de venta de verduras y crianza de animales. La socia solicita el préstamo para comprar abono, semillas y fertilizantes para las tierras de cultivo y también para comprar cuyes.
Los otros socios se dedican al negocio de venta de animales, negocio de taller de carpintería, negocio de venta de chicha, negocio de venta de pollos, negocio de crianza de verduras.
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 city of Pumamarca is a community that forms part of the district of San Jerónimo in the larger city of Cusco. Pumamarca is characterized by having agricultural and livestock zones. Several years ago a group of neighbors and friends formed a communal bank called Pumamarca, currently in its 7th... More from Pumamarca 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