Update on Kusikoyllor GroupSonia belongs to the “Kusikoyllor” communal bank located in Wanchaq District in Cusco Province and Department. She is 51-year-old and a widow.
She has three children. She alternates her daily activities with a business selling food. She sells it from place to place in the downtown area. She makes dinners like chicken with rice, ‘pollo saltado,’ and soups, among others. She’s been in this business a short time because she used to work raising chickens, a business she left for health reasons. She then started with the food business and she wants to continue to work this way and be able to continue supporting her family. She is asking for the loan to buy ingredients like rice, oil and others for her business. Sonia is grateful for the granted loan and commits to make her payments as scheduled.
The other members are in crafts, construction machinery rental, guinea pig raising, transportation services, sale of woven items and food sales. The person in the inserted photo asked permission to be late the meeting because of work and the little girl dressed in red and black is the daughter of one of the members.
La socia Sonia, la socia tiene 51 años de edad, viuda y tiene 03 hijos, la socia alterna sus actividades diarias con el negocio de venta de comida, la socia vende de forma ambulatoria por el centro de la ciudad, la socia elabora cenas como arroz con pollo,saltado,sopas entre otros, la socia lleva poco tiempo en este negocio ya que anteriormente se dedicaba a la crianza de pollos , negocio que dejo por motivos de salud, siendo así que la socia decidió empezar con el negocio de venta de comida, la socia desea seguir trabajando para de esta forma poder seguir poyando a su familia.
La socia solicita el préstamo para la compra de insumos para su negocio como arroz, aceité y otros.
Los otros socios se dedican a la artesania, alquiler de maquinas de construcción, crianza de cuyes, servicio de transporte, venta de tejidos, venta de comida.
La persona que sale adjunta en la foto es socia que pidió permiso para llegar tarde a la reunión por motivos de trabajo y la niña que viste de color rojo y negro es hija de una de las socias.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsThe members belong to the Kusikoyllor Communal Bank. This bank is located in the Cusco district, Cusco province, Cusco department. Valentina is a member. She is 47 years old, married, and has two children. She works in her business of raising guinea pigs. She fattens them, and the guinea… More from Kusikoyllor 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