Update on Colquecancha GroupThese are members of the “COLQUECANCHA” communal bank, located in the Urubamba district and province of the Cusco department.
Sorayda is 28 years old, married, and has two children. She works in her agricultural business and has farmland where she raises potatoes, beans, and barley and later sells them in different markets. She has been doing this for 10 years and things are going very well for her. She works from 8:00 am to 6:00 pm and moves her children ahead through this business. Her dream is to expand her farming business and improve her farmland. She is asking for this loan to buy insecticide and seeds.
The woman with her face b locked out left the communal bank. The other members have grocery stores, sell corn, food, and livestock.
[Sorayda] is grateful to those who form part of this dream through this means and she promises to make her payments on schedule.
La socia es la Sra. Sorayda ella es casada y tiene 28 años y tiene 2 hijos; La socia trabaja en su negocio de agricultura, la socia tiene un terreno de cultivo donde siembra papa,haba,cebada y maíz, la socia cultiva y luego los vende en los diferentes mercados, la socia se dedica este negocio 10 años y le va muy bien, la socia trabaja desde las 8:00 a.m hasta las 6:00 p.m,la socia por medio de este negocio saca adelante a sus hijos, el sueño de la socia es ampliar el negocio de agricultura y mejorar la tierra de cultivo. La socia solicita el préstamo para comprar insecticidas y semillas.
La socia que esta tapada su cara con un circulo se retiro del banco comunal Colquecancha por motivos de trabajo.
Los otros socios se dedican al negocio de venta de tienda de abarrotes, negocio de venta de maíz, negocio de venta de comida y negocio de venta de ganado.
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 DetailsA group of neighbors and friends formed the Communal Bank “Colquecancha” in the community of Racchi of the Huayllabamba Province of Urubamba in the department of Cusco. This communal bank is formed by people who look for each opportunity to get ahead, and with their daily efforts, give their… More from Colquecancha 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.
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Success!! The loan was 100% repaid