Allin Llankaqcuna De Chichubamba Group
Update on Allin Llankaqcuna De Chichubamba GroupThese are members of the “ALLIN LLANKAQCUNA DE CHICHUBAMBA” communal bank, located in the Chichubamba community of the Urubamba province and Cusco department.
Julia is married; she’s 40 years old and has three children. She raises small animals such as Guinea pigs, and chickens and has been doing it for several years. Things are going well because of all of the dedication she puts into her business each day. She raises these animals and later sells them to her customers who request them from her. She is also a farmer, and a responsible person who gets her family ahead in this way.
She is asking for this loan to buy Guinea pigs for her business.
The other members farm, raise small animals, work in construction, sell art, drive moto-taxis, make chocolate, and sell flowers.
[Julia] appreciates those who form a part of this dream through this means and promises to be on time with her payments.
La socia es la Sra. Julia ella es casada, tiene 40 años y tiene 3 hijos; La socia alterna sus actividades diarias con el negocio de crianza de animales menores como cuyes y gallinas, la socia lleva años en este negoció el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia cría a estos animalitos para luego venderlos a sus clientes que las le solicitan, a la vez la socia se dedica a la agricultura, la socia es una persona responsable siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el crédito para la compra de cuyes para su negocio.
Los otros socios se dedican a la agricultura, crianza de animales menores, maestro constructor, venta de artesanía, moto taxi, elaboración de chocolate, venta de flores.
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 “Allin Llankaqcuna de Chichubamba” communal bank in the community of Chichubamba in Cusco Department’s Urubamba Province. This communal bank is composed of people who seek at all times opportunities to get ahead by means of their daily efforts to provi... More from Allin Llankaqcuna De Chichubamba 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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Nov 23, 2012
- Jan 1, 2013
- Currency Exchange Loss:
- Jun 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.