El Kuychy Group
Update on El Kuychy GroupThese are the members of the communal bank group “EL KUYCHY”, located in the district of San Sebastian, of the Anta province and department of Cusco.
Maura lives with her partner. She is 33 years old and has a son. She makes a living selling fruits and vegetables such as apples, oranges, grapes, plantains, mandarine oranges, carrots, tomatoes, and cucumbers. Maura works from 8 a.m. to 5 p.m. She has been in this business for seven years and it has gone very well for her. Maura's dream is to have her own shop from which to sell her fruits and vegetables. She is requesting this loan in order to buy oranges, plantains, grapes, onions, carrots, and cucumbers.
The person with the circle covering his face no longer is a member of the El Kuychy group.
The other members of this group run businesses selling eggs, animals, groceries, and handicrafts.
She is grateful to everyone who has a part in her dream through this loan and she pledges to make all of her repayments as scheduled.
La socia es la Sra. Maura ella es conviviente y tiene 33 años y tiene 1 hijo; La socia trabaja en su negocio de venta de verduras y frutas, la socia vende manzanas,naranjas,uvas,platanos y mandarinas, la socia también vende zanahorias, tomates y pepinos, la socia tiene un puesto de mercado donde vende las frutas y verduras, la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,la socia ya tiene 7 años en este negocio y le va muy bien, el sueño de la socia es tener un local donde pueda vender las frutas y verduras. La socia solicita el crédito para comprar naranjas,platanos,uvas,cebollas,zanahorias y pepinos.
El socio que esta tapado con un circulo su rostro ya no pertenece al banco comunal El Kuychy.
Los otros socios se dedican al negocio de venta de huevos, negocio de venta de animales, negocio de tienda de abarrotes y negocio de venta de artesanía.
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 are the members of the "EL KUYCHY" communal bank, located in the San Sebastian district, in the Cusco province and department. Juan is 45 years old, married, and has two children. He provides taxi services and has been doing this for several years and things are going well for him, thanks… More from El Kuychy 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