Patron San Pedro De Cuyo Chico Group
Update on Patron San Pedro De Cuyo Chico GroupThese communal bank members belong to the communal bank "Patron San Pedro de Cuyo Chico," which is located in the district of Calca, in the province of Calca and the department of Cusco.
One member is Señora Yeny. She is 28 years old, lives with her partner, and has two children. She works in her restaurant business. She prepares breakfasts, lunches, and dinners. In the past she had a business selling beauty products, but it did not go very well for her. She has been in the restaurant business for two years now. In her free time she likes to go for walks with her children. Her dream is to expand her restaurant business. She is applying for the loan to buy ingredients for cooking, such as chicken, meat, and vegetables.
The other members' businesses are a grocery store, selling handicrafts, selling corn, and selling animals.
Señora Yeny is grateful to those who form part of her dream through this means, and she promises to make her payments according to the established schedule.
La socia es la Sra. Yeny ella es conviviente y tiene 28 años y tiene 2 hijos; La socia trabaja en su negocio de restaurant, la socia prepara desayunos, almuerzos y cenas, antes la socia se dedicaba al negocio de venta de productos de belleza pero no le fue muy bien, en el negocio de restaurant la socia ya tiene 2 años, en sus tiempos libres a la socia le gusta salir a pasear con sus hijos, el sueño de la socia es ampliar el negocio de restaurant. La socia solicita el préstamo para comprar productos para cocinar como pollo, carne y verduras.
Los otros socios se dedican al negocio de tienda de abarrotes, negocio de venta de artesanía, negocio de venta de maíz y negocio de venta de animales.
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 “Patron San Pedro D. Cuyo Chico.” The bank is located in Pisaq District, which belongs to Calca Province, Cusco Department. The member is Sra. Isidora. She is 45 years old, married and has 3 children. She works in handicrafts and sells necklaces,… More from Patron San Pedro De Cuyo Chico 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