Sr De Coyllority Picchu Group
Update on Sr De Coyllority Picchu GroupThe members belong to the Sr De Coyllority Picchu communal bank. This bank is located in the Cusco district, Cusco province, Cusco department.
A member is Margarita Stefany. She is in a common-law marriage, is 23 years old, and has 1 son. She works in her business as a seamstress. She sews different clothes like pants, skirts, blouses, and suits. She also works as a supervisor of an urban car service. She has worked various years in the seamstress business. Her dream is to have a dressmaking store. She is requesting the loan in order to purchase colorful fabrics and buttons.
The members who are pasted onto the group photo had their pictures taken after the group photo, because they asked for permission for work reasons. The member who is covered with a circle on her face no longer belongs to the community bank.
The other members work in a food-selling business, taxi service business, grocery store, and transportation company.
The member is thankful to those who form part of this dream through this medium and is committed to making her payments in the established plan.
La socia es la Sra. Margarita Stefany ella es conviviente y tiene 23 años y tiene 1 hijo; La socia trabaja en su negocio de costurera, la socia cose diferentes ropas como pantalones, faldas, blusas y ternos, la socia también trabaja como controladora de carro de servicio urbano, la socia ya tiene varios años en el negocio de costurera, el sueño de la socia es tener una tienda de confección. La socia solicita el crédito para comprar telas de colores y botones.
Los socios que estan pegados a la foto grupal se le tomo deepues la foto porque pidieron permiso por motivos de trabajo.
La socia que esta tapada con un circulo su cara ya no pertenece al banco comunal.
Los otros socios se dedican al negocio de venta de comida, negocio de servicio de taxi, negocio de tienda de abarrotes y negocio de transporte.
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 the Sr De Coyllority Picchu communal bank. This bank is located in the Cusco district, Cusco province, Cusco department. Virginia is a member. She is 62 years old, married, and has three children. She works in the business of selling beauty products like lipsticks,… More from Sr De Coyllority Picchu 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