Update on Pillao GroupThe members belong to the communal bank “PILLAO”. This communal bank is located in Cusco District, which belongs to Cusco Province and Cusco Department.
Yanet is a member of this communal bank. She is 32 years old, lives with her partner and has two children. She divides her time between her daily activities and raising small animals for sale, such as guinea pigs and chickens. She has been in this business for years, which does well for her thanks to the hard work she puts in every day. She raises these small animals to sell them to her customers, in this way providing for her family.
Yanet is requesting this loan to buy guinea pigs for her business. The other members of the communal bank work at carpentry, selling vegetables, brick-making, snackbars, raising small animals, selling chicha (a fermented corn-based drink) and selling other foods.
The person whose face is covered in the photo does not belong to the communal bank.
Yanet is grateful to all those who form part of her dream in this way, and she promises to make her payments in the period established for her loan.
La socia es la Sra. Yanet ella es conviviente, tiene 32 años y tiene 2 hijos; La socia alterna sus actividades diarias con el negocio de crianza de animales menores como cuyes, gallinas, la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia cría a estos animalitos para luego venderlo a sus clientes que le solicitan, 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 carpinteria, venta de verduras, fabrica de ladrillos, bar, crianza de animales menores, venta de chicha, venta de comida.
La persona que aparece con la cara tapada no pertenece al banco comunal.
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 Pillao communal bank which is located in the district of Cusco, province of Cusco, department of Cusco.
The member is Mrs. Delfina, she is married and is 53 years old and has 6 children. She has a small grocery store where she sells basic household goods like rice,... More from Pillao 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