Update on Kaypacha GroupThese individuals belong to the communal bank "Kaypacha." This bank is located in the Cusco district, which is part of the province and department of Cusco.
Josefina lives with a partner and is 46 years old. She has 6 children. She alternates her daily activities with her work in her grocery store business. She sells a variety of products, such as rice, sugar, milk, candy, soft drinks, and other items. She has worked for years in this business, and it is going well thanks to the effort she puts into her work each day. She works every day from 6am until about 9pm; her schedule can vary according to her other daily activities.
Josefina is a responsible and hardworking person, as this is how she gets ahead with her family. She is requesting a loan to buy merchandise such as rice and milk for her business.
The person in the picture whose face is covered is not a member of this communal bank. The other members of the group have a variety of businesses including: a chocolate store, cell phone repairs, a grocery store, a dressmaking shop, flower sales, beauty products, and the sale of construction materials.
Josefina thanks those who are helping her realize her dreams through this loan. She promises to make her payments according to the established schedule.
La socia es la Sra. Josefina ella es conviviente y tiene 46 años y tiene 6 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 cada día a su negocio, la socia trabaja en su negocio de lunes a domingo desde las 06:00am hasta las 09:00pm aproximadamente aunque este horario puede variar de acuerdo a las actividades que pueda tener en el dia,la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el crédito para la compra de mercadería como arroz y leche para su negocio.
El persona que sale con la cara tapada no pertenece al banco comunal.
Los otros socios se dedican al negocio de chocolateria, reparaciones de celulares, tienda de abarrotes, costureria, venta de florez, productos de belleza, venta de materiales de construcción.
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 DetailsThe members belong to the communal bank "Kaypacha" located in the district of Cusco, belonging to the province and department of Cusco. The member is Ms. Alicia, 35, who is in a committed relationship and has two children. The member works in her business selling honey which she sells as an… More from Kaypacha 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