Update on Huaraypata GroupThe members of this group belong to the communal bank “HUAYRAYPATA." This bank is located in the district of Urcos, in the province of Quispicanchis, in the department of Cuzco.
The individual member of this group is Mrs. Claudia. She is married and is 48 years old with two children. She works selling groceries. She sells items such as rice, sugar, milk, cooking oil, cookies and more. She works from 8am to 10pm and has had this business for 8 years. Everything is going well and her dream is to expand her grocery store. She is asking for a credit to purchase rice, sugar, milk, cooking oil and cookies.
The other members in her group sell animals, flowers and plants, as well as run a grocery store and sell agricultural products.
Mrs. Claudia is thankful to those who are a part of making her dream come true and promises to dedicate herself to repaying her loan in the pre-established time frame.
La socia es la Sra. Claudia ella es casada y tiene 48 años y tiene 2 hijos; La socia trabaja en su negocio de venta de tienda de abarrotes, la socia vende arroz, azúcar, leche, galletas entre otros productos, la socia trabaja desde las 8:00 a.m hasta las 10:00 p.m, la socia se dedica a este negocio 8 años y le va muy bien, el sueño de la socia es ampliar el negocio de tienda de abarrotes. La socia solicita el crédito para comprar arroz, azúcar, leche, aceite y galletas.
Los otros socios se dedican al negocio de venta de animales, negocio de venta de flores y plantas, negocio de tienda de abarrotes y negocio de venta de agricultura.
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 DetailsThese members belong to the “HUARAYPATA” communal bank, located in the Urcos district, part of the Quispicanchis province and the Cusco department. Juana Paula is 44 years old, married, and has five children. She raises animals such as Guinea pigs and chickens and sells them at different fair... More from Huaraypata 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