Moyopata-San Sebastian Group
Update on Moyopata-San Sebastian GroupThese members belong to the Moyopata San Sebastian communal bank. This bank is located in San Jeronimo District, in Cusco Province, Cusco Department.
Hilda, 40, is married and has one child. She alternates her daily activities with a business raising small animals like guinea pigs and hens, among others. She raises these animals and later sells them to customers who order them. She has been in this business for years, and it is going well for her because of the effort that she puts into it every day. This is the way that she moves her family forward.
Hilda is applying for the loan to buy guinea pigs for her business. The other group members work in carpentry, transportation, small animal sales, hot beverage sales, and chicha sales (a sweet drink made from purple corn). Hilda is grateful to those who are part of her dream and she promises to make her payments on time.
La socia es la Sra. Hilda ella es casada tiene 40 años y tiene 1 hijo; La socia alterna sus actividades diarias con el negocio de crianza de animales menores como cuyes, gallinas entre otros, la socia cría a estos animalitos para luego venderlo a sus clientes que le solicitan, la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio 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 al negocio de carpinteria, transporte, venta de animales menores, venta de emoliente, venta de chicha.
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 “Mayopata San Sebastian” communal bank located in San Jerónimo District belonging to Cusco Province and Department. Rosaria, 40, is married and has three children. She alternates her daily chores with a business selling breakfasts. She’s been in this business for ... More from Moyopata-San Sebastian 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