Update on Sirenachayoc GroupThese members belong to Asociación Arariwa's "Sirenachayoc" communal bank and live in the Cusco district of the province of Cusco in Peru.
Feliciana was born in the city of Chincheros, located 30 minutes in car from the city of Cusco. She is 67 years old and is married. From this beautiful marriage, she has seven children. Feliciana makes a living making woven artisan products including blankets, shawls, hats, and jackets. She has had this business for forty years and it has gone very well for her. She has a small workshop at home where she has equipment and tools needed to make her products, and her children also work with her.
Feliciana is raising her hand in this photograph. At this time, Feliciana needs a loan to buy working capital including artificial and real wool. The rest of the members sell other artisan goods, breakfast foods, condiments, ice cream and gelatin products, and food. Others offer professional services or transportation. The members are grateful to form part of this dream, through which they are committed to making their payments on time.
The two people who show up in the lower part of the photograph had arrived after the meeting.
Feliciana nació en la ciudad Chincheros a 30 minutos en carro de la ciudad del Cusco, ella tiene 67 años de edad, ella es casada y fruto de este hermosa relación tiene 7 hijos, ella se dedica a la elaboración de artesanía de tipo tejido como por ejemplo mantas, chalinas, chullos, chompas y otras mas. Ya son 40 años que se dedica a este negocio y le va muy bien. Ella tiene un pequeño taller en su domicilio donde tiene maquinas y herramientas para elaborar sus productos y sus hijos trabajan junto con ella. (Feliciana esta levantando la mano en la fotografía).
Feliciana en esta oportunidad requiere el préstamo para comprar materiales de trabajo como lana sintética y natural.
Los demás socios se dedican a la artesania, a la venta de desayunos, a la venta de condimentos, a la venta de helados y gelatinas, venta de comida y otros brindan servicios profesionales y transportes. Los socios agradecen 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.(Las personas que aparecen en la parte inferior de la fotografía llegaron después de la reunión).
Previous Loan DetailsThe members belong to the “Sirenachayoc” communal bank located in Cusco District belonging to Cusco Province and Department. Feliciana, 67, is married and has three children. She works in her business selling crafts. She knits such things as blankets and mittens; she knits them and then… More from Sirenachayoc 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.
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Success!! The loan was 100% repaid