Update on Huaraypata GroupThese members belong to the Communal Bank "Huayraypata", which is located in the District of Urcos, Quispicanchis Province, Department of Cusco.
One of the members is Sra. Juana Paula. She is 45 years old, married, and has five children. Juana Paula works at her business of raising animals, such as guinea pigs and chickens. She fattens the animals to make them grow and then sells them at different fairs. Juana Paula is also employed at a children's day care center, where she works from 8:00 A.M. to 5:00 P.M. She has been in the business of raising animals for eight years. Through her job and her business, Juana Paula has been able to help her children move forward. Her dream is to have a place where she can sell her animals.
Juana Paula is requesting a loan in order to buy guinea pigs, chickens, and feed for the animals. The other members engage in businesses such as raising animals, farming, managing a grocery store, and selling food. Juana Paula is grateful to those who have helped to fulfill part of her dream in this manner. Therefore, she promises to complete her payments according to the established terms.
La socia es la Sra. Juana Paula ella es casada y tiene 45 años y tiene 5 hijos; La socia trabaja en su negocio de crianza de animales, la socia cría animales como cuyes y gallinas, ella los hace engordar y crecer y luego los vende en las diferentes ferias, la socia también trabaja en un centro donde cuidan niños, la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,la socia tiene 8 años en su negocio de crianza de animales, por medio de su trabajo y negocio la socia saca adelante a sus hijos, el sueño de la socia es tener un local donde venda los animales. La socia solicita el préstamo para comprar cuyes y gallinas y alimentos para los animales.
Los otros socios se dedican al negocio de crianza de animales, negocio de agricultura, negocio de tienda de abarrotes y negocio de venta de comida.
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 of this group belong to the communal bank “HUAYRAYPATA." This bank is located in the district of Urcos, in the province of Quispicanchis, in the department of Cuzco. The individual member of this group is Mrs. Claudia. She is married and is 48 years old with two children. She works… More from Huaraypata 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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