Check out some available loans that are similar to this one!
Ollantay Ii Group
In this Group: Gregoria, Ofelia, Juana Nelly, Sofia, Sayda Silvia, Margarita, Gladis, Vidal, Oswaldo Eli, Martha , Ambrocia

Update on Ollantay Ii Group

The members belong to the communal bank "OLLANTAY II"; This bank is located in the district of Cusco, belonging to the province of Cusco and department of Cusco.

This member is Gregoria. She lives with her partner, is 38 years old and has three children. She likes to work in her potato selling business and she sells in various markets as well as to restaurants. The member has worked in this activity for five years and it is going well. She also sells peeled potatoes by previous order, which she sells wholesale. In her free time she likes to prepare tortas to share with her children. The member is an earnest, hard working person. Her dream is to have a place from where she could sells her potatoes. The member is requesting a loan to buy potatoes wholesale.

The other members make a living in various activities; restaurants, general store, taxi service and selling food.

The member is grateful to those who have formed a part of helping her accomplish her dream and she is committed to making her payments within the stipulated time period.
View original language description ↓
Los socios pertenecen al banco comunal “OLLANTAY II”; Este banco se ubicada en el distrito de Cusco, perteneciente a la provincia de Cusco y departamento de Cusco.

La socia es la Sra. Gregoria ella es conviviente y tiene 38 años y tiene 3 hijos; La socia trabaja con su negocio de venta de papa, la socia vende en los diferentes mercados y también vende a los restaurants, la socia se dedica a este negocio 5 años y le va bien también la socia vende papa peladas que le piden por contrata ella vende al por mayor, en sus tiempos libres a la socia le gusta preparar tortas y compartir con sus hijos, la socia es una persona empeñosa y muy trabajadora, el sueño de la socia es tener un local donde pueda vender la papa. La socia solicita el préstamo para comprar papa al por mayor.
Los otros socios se dedican al negocio de venta de restaurant, negocio de venta de tienda de abarrotes, negocio de restaurant, negocio de servicio de taxi y negocio de venta de comida.

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 Details

Gregoria is 35 years old and lives with her partner and her three children in the city of Cusco. She tells us, "In my community bank 'Ollantay II', there are 13 members (12 women and one man), and the board of directors consists of Juana Esther as president, Magarita as the treasurer, Ofelia as the… More from Ollantay Ii Group's previous loan »

Additional Information

Important Information

About 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.

About Peru

  • $6,715
    Average annual income
  • 66
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Ollantay Ii Group's $5,750 loan helped a member to buy potato wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2012
Listed
Sep 12, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013