Señor De Coyllorytti De Ccorao Group
Update on Señor De Coyllorytti De Ccorao GroupThe members belong to the communal bank “Señor de Coyllorytti de Ccorao,” which is in the Ccorao district of Cusco province in the department of Cusco. Felipa, 55, is a member, is married, and has three children. She spends her days doing household chores and raising small animals like guinea pigs and hens. She raises these animals to sell to customers who order them. This has been her trade for some time, and she believes her daily effort has made the business prosper. She also sells vegetables and wants to keep working to support her family.
Felipa has applied for a loan to buy guinea pigs and feed for her business. The other members businesses are: selling animals, selling vegetables, running a grocery store, serving traditional food, and selling handicrafts. Felipa thanks those who share her dream through this institution and promises to make her payments on time.
La socia es la Sra. Felipa ella es casada ,tiene 55 años y tiene 3 hijos; la socia alterna sus actividades diarias con el negocio de crianza de animales menores como cuyes, gallinas entre otros, la socia cría a estos animalitos para luego venderlos sus clientes que le solicitan, la socia lleva buen tiempo dedicándose a este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia a la vez se dedica a la venta de verduras ,la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el crédito para la compra de cuyes y alimento para su negocio.
Los otros socios se dedican al negocio de venta de venta de animales, negocio de venta de verduras, negocio de tienda de abarrotes, picantera 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 Señor de Coyllorytti de Ccorao Communal Bank. This bank is located in the district of Ccorao, which is in the province of Cusco, in the department of Cusco. Bank member Dionicia is married, 42 years old, and has two children. She has a business selling grains such… More from Señor De Coyllorytti De Ccorao 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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Oct 22, 2013
- Nov 24, 2013
- Currency Exchange Loss:
- Dec 18, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.