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Nuevo Progreso De Andahuaylillas Group
In this Group: Toribia, Prudencia, Melchora Mery, Michael Edwin, Marcos, Rocio Yasmin, Johan Daniel*, Irene, Maria Elena
* not pictured

Update on Nuevo Progreso De Andahuaylillas Group

The “NUEVO PROGRESO DE ANDAHUAYLILLAS” communal bank is located in the district of Andahuaylillas, part of the province of Quispicanchis and the department of Cusco.

Toribia is 69 years old, single and has two children. She works raising and selling small animals. She raises ducks and chickens, fattens them and then sells them in different markets. Through this small business she has gotten her children ahead. Her dream is to have a stall where she can sell her product. She is requesting a loan to buy ducks and chickens and feed for them.

The members in the inserted photo asked to arrive late due to work commitments. The other members sell plants, have a handicraft business, a grocery store and sell animals. The members thanks those who form part of this dream through the loan. They promise to make their payments in a timely manner.
View original language description ↓
Los socios pertenecen al banco comunal “NUEVO PROGRESO DE ANDAHUAYLILLAS”; Este banco se ubicada en el distrito de Andahuaylillas, perteneciente a la provincia de Quispicanchis y departamento de Cusco.

La socia es la Sra. Toribia ella es soltera y tiene 69 años y tiene 2 hijos; La socia trabaja en su negocio de venta y crianza de animales, la socia cría los patos 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 patos y gallinas. La socia solicita el crédito para comprar patos y gallinas y alimentos para los patos y gallinas.

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 plantas, negocio de artesanía, negocio de tienda de abarrotes y negocio de venta de animales.


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 Details

The members of our group, Nuevo Progreso de Andahuaylillas, are part of the Asociación Arariwa. This communal bank consists of 16 members from Andahuaylillas, a small town above the left bank of the Vilcanota River that is surrounded by mountains. One member of the group, Luz Marina, is 39 yea... More from Nuevo Progreso De Andahuaylillas Group's previous loan »

Additional Information

Important Information

About 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.

Tags

About Peru

  • $6,715
    Average annual income
  • 65
    View loans »
    Peru Loans Fundraising
  • $54,552,250
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Progreso De Andahuaylillas Group's $4,150 loan helped a member to buy ducks and chickens and feed for them.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 11, 2013
Listed
Jan 2, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014