Update on Sirenachayoc GroupThe members belong to the “Sirenachayoc” communal bank located in Cusco District belonging to Cusco Province and Department. Feliciana, 67, is married and has three children. She works in her business selling crafts. She knits such things as blankets and mittens; she knits them and then distributes them to various stores that sell crafts. She works from 8am until 7pm and has been in business 8 years; she enjoys knitting and is able to support her children this way. Her dream is to have a locale where she can sell her crafts. She’s requesting the loan to buy wool, knitting needles and colored yearn. She is grateful to those who share her dream by this means and commits to make her payments as scheduled.
The member who appears in the inserted photo took her picture after the group photo was taken; she asked permission due to work. The other members sell crafts, beauty products, provide taxi service and sell dry grains.
La socia es la Sra. Feliciana ella es casada y tiene 67 años y tiene 3 hijos; La socia trabaja en su negocio de venta de artesanía, la socia realiza trabajos como telares, mantas y guantes, la socia los teje y los distribuye a las diferentes tiendas que venden artesanía, la socia trabaja desde las 8:00 a.m hasta las 7:00 p.m,la socia se dedica a este negocio 8 años y le gusta tejer, por medio de este negocio la socia saca adelante a sus hijos, el sueño de la socia es tener un local donde pueda vender los trabajos de artesanía. La socia solicita el préstamo para comprar lanas, palitos de tejer y hilos de colores.
La socia que esta pegada a la foto grupal se le tomo despues la foto, porque pidio permiso por motivos de trabajo.
Los otros socios se dedican al negocio de venta de artesanía, negocio de venta de productos de belleza, negocio de servicio de taxi y negocio de venta de granos secos.
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 DetailsThese members belong to the communal bank Sirenachayoc, which is a bank located in the district of Cusco, within the province of Cusco and the department of Cusco. Jackeline Julieta is one of the members. She is 31 years old, married, and has two children. Her business is a multiservice store wh... More from Sirenachayoc 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