Moyopata-San Sebastian Group
Update on Moyopata-San Sebastian GroupThe members belong to the “Moyopata de San Sebastian” communal bank, located in the San Jeronimo district of Cusco province and department.
Hilda, a member, is married, 42 years of age, and has 1 son. She works at her business of raising and selling farm animals, especially guinea pigs and hens. Hilda raises and fattens them, then sells them at different fairs. By means of this small business she advances her child. Her dream is to have a store where she might sell her guinea pigs and chickens.
Hilda is requesting a loan to purchase more guinea pigs and hens plus the feed they need. Her picture has been added to the group photo since she was unable to attend the meeting due to work obligations.
The other members are dedicated to businesses such as selling chicha [a traditional home brew], carpentry, a grocery store, and a stand selling emollients.
Hilda is grateful to all those who by this means, form a part of her dream. She is fully committed to complying with her established schedule of payments.
La socia es la Sra. Hilda ella es casada y tiene 42 años y tiene 1 hijo; La socia trabaja en su negocio de venta y crianza de animales, la socia cría los cuyes y gallinas 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 y gallinas. La socia solicita el crédito para comprar cuyes y gallinas y alimentos para los cuyes y gallinas.
La socia que esta pegada a la foto grupal se le tomo la foto despues de la reunion porque pidio permiso por motivos de trabajo.
Los otros socios se dedican al negocio de venta de chicha, negocio de carpinteria, negocio de tienda de abarrotes y negocio de venta de emoliente.
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 “Mayopata San Sebastián” communal bank located in San Jerónimo District belonging to Cusco Province and Department. Rosaria, 40, is married and has three children. She alternates her daily chores with a business selling fresh herbal beverages. She’s been in business... More from Moyopata-San Sebastian 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