Llapallanchis Purisunchis Group
Update on Llapallanchis Purisunchis GroupThe borrower is a member of the communal bank "LLAPALLANCHIS PURISUNCHIS", which is located in the department of Cusco.
The group member, Juana, is 75 years old. She is a widow and has 9 children. Along with her daily activities she also runs a grocery store. She sells different types of products like rice, sugar, milk, snacks, sodas and other things. She has had this business for many years. Her business does well thanks to the determination she applies to her work. She also sells fruit from outside the door of her store. She is a responsible and earnest person, which allows her to get ahead and continue helping her family.
The communal bank member requested the loan to buy merchandise, like sodas, for her store.
The other communal bank members make a living working as artisans, selling flowers, selling artifacts, doing carpentry, providing transportation, and providing taxi service.
The communal group member is thankful for the loan that is being provided and she promises to make her payments on time.
La socia Juana, la socia tiene 75 años de edad, viuda y tiene 09 hijos, la socia alterna sus actividades diarias con el negocio de tienda de abarrotes ,la socia vende diferentes tipos de productos como arroz,azucar,leche,golosinas,gaseosas entre otros, la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone a su negocio ,la socia a la vez vende fruta en la puerta de su tienda ,la socia es una persona responsable y empeñosa siendo de esta manera que la socia sale adelante y puede seguir apoyando a su familia.
La socia solicita el préstamo para la compra de mercadería como gaseosas.
Los otros socios se dedican a la artesania, venta de flores, venta de artefactos, carpintería, transporte, servicio de taxi.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsRocio belongs to the Llapallanchis Puriscunchis communal bank. The bank is in the San Jeronimo district, which belongs to the Cusco province, Cusco department. Rocio, age 38, is single and has a 13 year old daughter. Rocio sells handicrafts. She works independently in an itinerant manner, w... More from Llapallanchis Purisunchis 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