Santa Catalina De Sillacancha Group
Update on Santa Catalina De Sillacancha GroupGabriela is a member of the "Santa Catalina de Sillacancha" communal bank. Gabriela and her fellow group members have various business activities in common, such as selling vegetables and fruit, selling food, and raising small livestock such as chickens, guinea pigs, and pigs.
Gabriela, along with the other members of her group, has applied for a loan to invest in business capital, such as to buy seeds for crops and to buy small livestock such as guinea pigs, chickens, and pigs. All of the members are very grateful to Kiva for helping them to strengthen and grow their financial activities.
La socia Gabriela como el resto de sus compañeras del grupo están solicitando su préstamo para invertirlo en el capital del negocio como por ejemplo para comprar semillas para sus cultivos y también comprar animales menores como cuyes, gallinas, y cerdos. Todos los socios están muy agradecidas con KIVA, por ayudarlas a fortalecer y hacer crecer sus actividades económica.
Previous Loan DetailsThe borrower is Gabriela. She is 50 years old, married and has four children. The oldest is a professional the second is at university and the two youngest are at school. Gabriela, like all of her companions in the group, has various sources of income, one of which is agriculture: growing and… More from Santa Catalina De Sillacancha 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