Villa Rayanniyoc Group
Update on Villa Rayanniyoc GroupThe members belong to the “Villa Rayanniyoc” communal bank in the Taray district, Calca province, Cusco department.
Luisa, a member, is 34 years old, married, and has four children. She works in her business of raising animals. She raises guinea pigs and also works with livestock. She has had her businesses for two years, and it is going very well for her. She fattens her animals and helps them grow. She then sells them at the different fairs. She works from 8:00 a.m. until 6:00 p.m. Her dream is to have a place where she is able to sell the animals. She is requesting the loan to buy guinea pigs and feed for the animals.
The member in the photo that is inset asked permission for her photo to be taken afterwords for work reasons.
The members sell basic grains, sell food, sell vegetables, and raise animals.
The member is grateful to those who comprise part of this dream through these means. She pledges to make her payments as scheduled.
La socia es la Sra. Luisa ella es casada y tiene 34 años y tiene 4 hijos; La socia trabaja en su negocio de crianza de animales, la socia cría cuyes y también la socia se dedica a la ganaderia,la socia en sus negocios ya lleva 2 años y le va muy bien, la socia los hace engordar y crecer y luego los vende en las diferentes ferias, la socia trabaja desde las 8:00 a.m hasta las 6:00 p.m, , el sueño de la socia es tener un local donde pueda vender los animales. La socia solicita el crédito para comprar cuyes y alimentos para los animales.
La socia que esta pegada a la foto grupal se le tomo despúes la foto porque pidio permiso por motivos de trabajo.
Los otros socios se dedican al negocio de venta de cereales, negocio de venta de comida, negocio de venta de verduras y negocio de crianza de animales.
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 Villa Rayanniyoc Communal Bank, located in the district of Taray in the province of Calca and department of Cusco. The member, Vanessa, 20, lives with her partner and has one child. She works in her grocery store business selling household necessities such as rice, sugar,… More from Villa Rayanniyoc Group's previous loan »
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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