Llapanchis Tticarisunchis Group
Update on Llapanchis Tticarisunchis GroupA group of neighbors and friends have formed the “Llapanchis Tticarisunchis” Communal Bank in the town of Cusco. This Communal Bank has been working for a few years already, and it is well organized. This Communal Bank is composed of people who are constantly looking for chances to get ahead, and to offer a better future to their children thanks to their daily efforts. Some of the economic activities of the members are: food sale, cooking gas sale, shoes sale and handicrafts, while others engages in providing services of different kind.
Diana (who is the one with her hand raised in the picture) was born in Quillabamba, a town of the La Convención province in the Cusco department, but she live in the lovely city of Cusco. She is 25 years old, she lives in a common-law marriage and she has one child. Her main economic activity is selling used clothes, American used clothes in particular. She has been engaged in this activity for a few years already, and things are going very well thanks to the dedication she works with. In this occasion Diana is requesting a loans to buy products such as trousers, slippers, sweaters, shirts, skirts and zip jackets among other things.
All the members are grateful for the chance they have been offered, and they commit to complying with the repayment of their dues according to the set schedule.
(Two people appear in the lower parts of the picture because they have arrived late at the meeting).
Cusco is located in the district and province of Cusco, in the heart of the ancient Incan town. Cusco is a tourist area, renowned for its archeological sites, its historical center, its landscapes, its history, for Inti Raymi, a traditional celebration, and because here on can visit “Machupicchu”, one of the seven wonders of the world.
(La señora Diana está levantando la mano en la fotografía). La señora Diana nació en la ciudad de Quillabamba de la provincia de la La Convención del departamento del cusco pero vive en la encantadora ciudad del Cusco, tiene 25 años de edad, tiene una relación de unión libre de la cual tiene un hijo. Su actividad económica principal de la socia Diana es la venta de ropa de segundo uso especialmente ropa Americana. Ya son varios años que se dedica a este negocio y le va muy bien gracias al empeño que pone en su trabajo. En esta oportunidad Diana requiere el préstamo para comprar mercadería como por ejemplo pantalones, zapatillas, chompas, camisas, faldas, casacas y otras cosas más.
Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos.
(Las personas que aparecen en la parte inferior de la fotografía llegaron tarde a la reunión).
Cusco está ubicado en el distrito y provincia del Cusco del departamento del Cusco en pleno corazón de la antigua ciudad de los Incas. Cusco se caracteriza por ser una zona turística, por sus centros arqueológicos, por su centro histórico, por sus paisajes, por su historia, por su fiesta tradicional del Inti Raymi y porque se encuentra una de las siete maravillas del mundo “Machupicchu”.
Previous Loan DetailsThe Communal Bank “Llapanchis Tticarisunchis” is led by Julia who serves as president, Olga who serves as secretary, Zoraida who serves as treasurer, and Walter who serves as auditor. The members meet every thirty days at the microfinance offices of Asociación Arariwa in the city of Cusco. The… More from Llapanchis Tticarisunchis 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