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Mosoq Allpa Group
In this Group: Gina , Ana , Kelly , Margarita Maria , Saida Danitza, Paola Carla , Guadalupe *, Cristhian Alfonso*, Esther Gabina, Teresa Betsabe, Gorki
* not pictured

Update on Mosoq Allpa Group

These members belong to the “MOSOQ ALLPA” communal bank. The bank is located in the district of Cuzco, belonging to the province and department of Cuzco.

One member is Gina. She is in a common law marriage and is 32 years old. She has 2 children. She works in her business, which is a metal shop. She makes things such as window frames, doors, and more. She works with her husband. Her schedule is from 8:00 a.m until 6:00 p.m. She has been in this business for 5 years and it is going very well for her. Her dream is to ex[and her metal shop. She is asking for the loan to buy paint, saws and metal.

The members who as pasted onto the group photo had their pictures taken after the meeting because they had to be absent due to work.

The other members work in businesses such as selling chicha, a convenience store, and selling animals.

This member is grateful to those who are a part of her dream in this way and she is committed to making her payments on time.
View original language description ↓
Los socios pertenecen al banco comunal “MOSOQ ALLPA”; Este banco se ubicada en el distrito de Cusco, perteneciente a la provincia de Cusco y departamento de Cusco.

La socia es la Sra. Gina ella es conviviente y tiene 32 años y tiene 2 hijos; La socia trabaja en su negocio de taller de estructuras metalicas, la socia realiza trabajos como ventanas, puertas entre otros trabajos, la socia trabaja junto con su esposo, la socia trabaja desde las 8:00 a.m hasta las 6:00 p.m,la socia en este negocio ya tiene 5 años y le va muy bien, el sueño de la socia es ampliar su taller de estructuras metálicas. La socia solicita el crédito para comprar pinturas, sierras y metales.

Los socios que estan pegados a la foto grupal se les tomo la foto despues de la reunion porque pidieron permiso por motivos de trabajo.

Los otros socios se dedican al negocio de venta de ropa, negocio de venta de chicha, 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

These women belong to the "Mosoq Allpa" communal bank. This group is located in the district of Cusco, which belongs to the province of Cusco and the department of Cusco. Gina is married, is 34 years old, and has one son. She alternates her daily activities with selling beauty products like c... More from Mosoq Allpa 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
  • 83
    View loans »
    Peru Loans Fundraising
  • $55,213,250
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Mosoq Allpa Group's $6,000 loan helped a member to buy paint, saws and metal.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2014
Listed
Mar 28, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014