Apu Curi Group
Update on Apu Curi GroupThe members belong to the “Apu Curi” communal bank located in Urcos District belonging to Quispicanchis Province, Cusco Department.
Benecia, 42, has a spouse and 8 children. She works in her business raising and selling animals. She raises guinea pigs. She helps them grow and fattens them up to then sell them in various livestock markets. She supports her children by means of this small business. Her dream is to have a locale in which to sell her guinea pigs. She’s requesting the loan to buy guinea pigs and feed for them. She thanks all those who share her dream by this means and commits to make her payments as scheduled. The other members sell sheep, sell chicha [traditional corn-based beverage], are grocers and work in agriculture.
The members that appear in the photo added to the group photo took their photo later because they asked permission due to work.
La socia es la Sra. Benecia ella es conviviente y tiene 42 años y tiene 8 hijos; La socia trabaja en su negocio de venta y crianza de animales, la socia cría los cuyes los hace crecer y engordar y luego los vende en las diferentes ferias, por medio de este pequeño negocio la socia saca adelante a sus hijos, el sueño de la socia es tener un local donde pueda vender los cuyes. La socia solicita el crédito para comprar cuyes y alimentos para los cuyes.
Los socios que estan pegados a la foto grupal se les tomo despues la foto porque pidieron permiso por motivos de trabajo.
Los otros socios se dedican al negocio de venta de ovejas, negocio de venta de chicha, negocio de tienda de abarrotes y negocio 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 “APU CURI” communal bank. This bank is located in the district of Urcos, in the province of Quispicanchis and department of Cuzco. ... More from Apu Curi Group's previous loan »
More information about this 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