Llapallanchis Purisunchis Group
Update on Llapallanchis Purisunchis GroupThese are members of the “LLAPALLANCHIS PURISUNCHIS” communal bank, located in the Cusco district, part of the Cusco province and department.
Eveling is single and 23 years old. She restores works of art such as framed art and paintings and works from 8:00 am to 6:00 pm. She’s been doing this for eight years and things are going well for her. Her dream is to have shop where she can repair pictures and paintings. She is asking for this loan in order to buy supplies such as glues, watercolors, and brushes.
The other members sell things such as building materials, food, groceries or run restaurants.
She’s grateful to those who form part of this dream in this way and she is committed to making her payments on schedule.
La socia es la Sra. Eveling ella es soltera y tiene 23 años; La socia trabaja en su negocio de restauración de obras de arte, la socia restaura obras como cuadros y pinturas, la socia trabaja desde las 8:00 a.m hasta las 6:00 p.m, la socia ya tiene 8 años en este negocio y le va muy bien, el sueño de la socia es tener un local donde pueda arreglar los cuadros y pinturas. La socia solicita el crédito para comprar materiales para que arregle los cuadros y pinturas como pegamentos, aquarelas y pinceles.
Los otros socios se dedican al negocio de venta de materiales de construcción, negocio de venta de comida, negocio de tienda de abarrotes y negocio de restaurant.
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 borrower is a member of the communal bank "LLAPALLANCHIS PURISUNCHIS", which is located in the department of Cusco. The group member, Juana, is 75 years old. She is a widow and has 9 children. Along with her daily activities she also runs a grocery store. She sells different types of… More from Llapallanchis Purisunchis 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