Real Atahuallpa Group
Update on Real Atahuallpa GroupThese members belong to the “REAL ATAHUALLPA” Communal Bank. This bank is located in the district of Cusco, part of Cusco Province in the Department of Cusco.
The featured member is Sra. Delia, who is raising her hand in the photo. She is 43 years old and married with two children. She has a business selling breakfasts, such as quinoa with milk, chocolate and mates. She also provides telephone service on the street . She works from 8 a.m. until 7 p.m.. This member has run this business for several years and it is going very well. The member’s dream is to own a restaurant. The member is requesting a loan to purchase ingredients in order to prepare breakfasts, such as milk, quinoa, chocolate and sugar.
The members whose photo is attached to the group photo had their pictures taken later because they requested permission due to work requirements.
The other members of the group engage in businesses such as the sale of fava beans, a grocery store, transportation and food sales.
Delia is grateful to those who are part of helping her realize her dreams and she is committed to making her payments on time within the established time period.
La socia es la Sra. Delia es la que levanta la mano ella es casada y tiene 43 años y tiene 2 hijos; La socia trabaja en su negocio de venta de desayunos como quinua con leche,chocolate y mates,la socia tambiens se dedica al negocio de brindar servicio de llamadas en forma ambulatoria, la socia trabaja desde las 8:00 a.m hasta las 7:00 p.m,la socia ya tiene varios años en este negocio y le va muy bien, el sueño de la socia es tener un el negocio de restaurant. La socia solicita el crédito para comprar productos para preparar los desayunos como leche,quinua,chocolate y azucar.
Los socios que estan pegados a la foto grupal se les tomo despues la foto porque pidieron permiso por motivos de trabajo.
Los otros socios se dedican al negocio de venta de habas, negocio de tienda de abarrotes, negocio de transporte y negocio de venta de comida.
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 Details“Real de Atahuallpa” is a Communal Bank who has been created by a group of friends and neighbors living in Puno, a department of the district and province of Cusco. This Communal Bank has been working for a few years now, and it is well organized. This Communal Bank is composed of people who… More from Real Atahuallpa 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
- 6 months (Additional Information)
- Repayment Schedule
- Feb 15, 2013
- Apr 1, 2013
- Currency Exchange Loss:
- Jul 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.