Update on Qorilazo GroupThese members belong to the Qorilazo communal bank. This bank is located in the district of Cusco, which is part of the province and department of Cusco.
Marcelina, age 33, is in a common-law marriage and has three children. She works in her business of raising and selling animals like guinea pigs and chickens. She fattens the animals so that they grow, and then she sells them at the different markets. She works from 8:00 a.m. until 5:00 p.m. She has had this business for 17 years, and it is going very well for her.
She was in the restaurant business, but that did not go very well for her. Therefore, she is now in the business of raising animals. Her dream is to have a place where she could sell the animals. She is requesting the loan to buy guinea pigs, chickens, and feed for the animals.
The members in the inset photo group had their picture taken later as they asked permission to do so due to work.
The other members' businesses include selling food, a grocery store, taxi service, selling vegetables, and selling wine.
Marcelina is thankful to those who form part of her dream through the loans, and she promises to make her payments according to the established schedule.
La socia es la Sra. Marcelina ella es conviviente y tiene 33 años y tiene 3 hijos; La socia trabaja con su negocio de venta de crianza de animales como cuyes y gallinas, la socia los animales los hace crecer y engordar y luego lo vende en los diferentes mercados, la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,la socia ya tiene 17 años en este negocio y le va muy bien, antes la socia se dedicaba al negocio de restaurant pero no le fue muy bien es por eso que se dedico al negocio de crianza de animales, el sueño de la socia es tener un local donde pueda vender los animales. La socia solicita el préstamo para comprar cuyes, gallinas y alimentos para los animales.
La socias que están pegadas a la foto grupal se les tomo después porque pidieron permiso por motivos de trabajo.
Los otros socios se dedican al negocio de venta de comida, negocio de tienda de abarrotes, negocio de servicio de taxi, negocio de venta de verduras y negocio de venta de vinos.
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 DetailsThese members belong to the Qorilazo communal bank. This bank is located in the district of Cusco, which is part of the province and department of Cusco. One of the members is Señora Yeni. She is 27 years old, is in a common-law marriage, and has two children. Her business is a grocery store.… More from Qorilazo 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