Update on AbelinaIntroducing Abelina, a member of "Virgen del Carmen de Yuncaypata", a Communal Bank located in Yuncaypata, a community of the province and department of Cusco.
Abelina keeps on breeding small animals such as “cuyes” (“cuy” is Quechua for Guinea pig), hens and pigs. She breeds these animals to then sell them to those among her customers that mostly request them, such as restaurants and fair retailers. She has been engaged in this activity for many years and things are going well thanks to the determination she daily works with. Abelina is a responsible and persevering person, as though this activity she provides for her family.
She is requesting a loan to buy cuyes for her activity.
She is happy about the loan and she commits to complying with the repayments of her dues.
La socia es la Sra. Abelina; la socia continua con su negocio de crianza de animales menores como cuyes, gallinas y chanchos, la socia cria a estos animalitos para luego venderlo a sus clientes que mas le solicitan como restaurantes y ferias ,la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el préstamo para la compra de cuyes para su negocio.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota
Previous Loan DetailsHere is a member of the communal bank named "Virgen del Carmen de Yuncaypata". It is located in the community of Yuncaypata, in the province of Cusco and the department of Cusco. Her name is Abelina. She is 59 years old, married, and she has 5 children. She alternates her daily activities with... More from Abelina'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.
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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Sep 13, 2012
- Oct 15, 2012
- Currency Exchange Loss:
- Apr 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.