Real Atahuallpa Group
Update on Real Atahuallpa Group“Real de Atahuallpa” is a Communal Bank who has been created by a group of friends and neighbors living in Puno, a department of the district and province of Cusco. This Communal Bank has been working for a few years now, and it is well organized. This Communal Bank is composed of people who constantly look for occasions to progress in life, and who grant a better future to their children thanks to their daily efforts. Some of the members engage in selling broad beans, hot drinks, cosmetics and food, while others engage in providing cooking services, in repairing vehicles, and in offering their services as masons, cooks and truck drivers.
Delia is the lady in the picture with her hand raised.
Delia was born in Cusco, and she lives in the same town where she was born. She engages in selling breakfasts and in providing calling services in the outskirts of one of the most popular markets in Cusco. She has been engaging in this activity for a few years already, and things are going very well. Delia’s husband provides public transportation services in the town of Cusco with his own vehicle, thus helping with the household expenses. In this occasion, Delia is requesting a loan to provide maintenance to the vehicle by buying tires.
The members are grateful for the chance they have been given and they commit to complying with the repayment of their different dues according to schedule. The members appearing at the bottom of the picture have arrived late at the meeting.
(La señora Delia esta levantando la mano en la fotografia).
Delia nació en la ciudad del Cusco y vive en la misma ciudad donde nació, ella se dedica a vender desayunos y hacer llamadas en los alrededores de uno de los mercados más populares de la ciudad del Cusco. Ya son varios años que se dedica a este negocio y le va muy bien. Su esposo de Delia se dedica a brindar servicio de transporte urbano en la ciudad del Cusco en su propio carro asi de esta manera ayuda en la canasta familiar. En esta oportunidad Delia requiere el préstamo para hacer mantenimiento del carro o sea va comprar llantas.
Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos. (La socias que aparecen en la parte inferior de la fotografía llegaron tarde a la reunión).
Previous Loan DetailsPatricio was born in the municipality of San Ramón in Puno department, and has resided in the city of Cusco for 15 years. He is the member raising his hand in the photograph. Patricio is 51, married, with five children, of whom three are on their own, and two still depend on him. He is a very... More from Real Atahuallpa 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