San Cristobal De Aparquilla Group
Update on San Cristobal De Aparquilla GroupThe member is Sra. Cirila, who is 50 years old, married and has three children. She, like most of the members in her communal bank, raises small animals, sells vegetables and also has a small store where she sells basic supplies. She also uses her store to sell “chicha de jora” (corn liquor).
There are two members of this communal bank with the same name (Cirila). Our featured member is the one in the photo who has her arms around a little girl.
The members of this group are requesting their respective loans to capitalize their businesses and, in most cases, to stock merchandise, such as vegetables and purchase small animals, such as guinea pigs and chickens.
Cirila is a very kind person who is always ready to help others. She is proud of helping her three children to get ahead. All of them are in school; one is attending the university, the second is at an institute of higher learning and the last is at an academy preparing for the university.
Cirilia is very grateful for the help from KIVA because it is enabling her to strengthen her businesses and to provide for her three children’s education so they can secure a better future.
She belongs to the “Patrón Salvador del Mundo” Communal Bank in San Salvador District in Calca Province in Cusco Department, Perú.
Los socios de este grupo estan solicitando sus respectivos prestamos para capitalizar cada uno sus actividades comerciales y en su gran mayoria abastecerse de mercaderia como verduras y tambien comprar animales menores como cuyes y gallinas.
Cirila es una persona muy simpática y comunicativa, ella está orgullosa por sacar adelante a sus 3 hijos los cuales están estudiando, uno de ellos en la universidad, el segundo en un instituto superior y el ultimo preparándose en una academia pre universitaria. Cirila está muy agradecida con la ayuda de KIVA, por ayudarla a fortalecer su actividad económica y ayudarla con la educación de sus 3 hijos para procurarles un mejor futuro. La socia pertenece al banco comunal “Patrón Salvador del Mundo”; del distrito de San Salvador de la provincia de Calca del Cusco – Perú.
Previous Loan DetailsThis group of 13 belongs to the community bank San Cristobal D. Aparquilla. They live in Aparquilla Anta, Cusco, and meet once a month at the community center in Aparquilla. Each group member works in retail. Cirila and Juana sell vegetables. Melchora, Julia and Ysabel deal sell small animals. He... More from San Cristobal De Aparquilla 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