Sol Radiante -Wimpillay Group
Update on Sol Radiante -Wimpillay GroupThese members are part of the communal borrowing group "Sol Radiante -Wimpillay." This group is located in the district of Cusco, which belongs to the province of Cusco in the department of Cusco.
Irma is 65 years old and lives in the beautiful city of Cusco. She is married and, as fruit of this beautiful relationship, she has seven children. She was born in the deparment of Apurimac but lives in the charming city of Cusco. She works selling plants in a Saturday fair in the city of Cusco, and from Monday to Friday she grows different types of plants on her land. Now she needs a loan to buy compost and seeds. Irma is raising her hand in the photograph.
The member shown in the lower part of the photograph arrived after the meeting.
The other members work selling clothing, in the restaurant business, in the grocery store business and in the business of transport.
Irma tiene 65 años de edad y vive en la hermosa ciudad del Cusco, ella es casada y fruto de esta hermosa relación tiene siete hijos, ella nació en el departamento de Apurimac pero vive en la encantadora ciudad del Cusco. Ella se dedica a la venta de plantas en una feria sabatina en la ciudad del Cusco, ella de lunes a viernes cultiva diferentes tipos de plantas en su terreno. En esta oportunidad requiere el préstamo para comprar abano y semillas. Irma esta levantado la mano en la fotografía.
La socia que aparece en la parte inferior de la fotografía llego después de la reunión.
Los otros socios se dedican al negocio de venta de ropa, negocio de restaurante, negocio de tienda de abarrotes y negocio de transporte.
Previous Loan DetailsThe members belong to the Sol Radiente - Wimpillay Communal Bank, located in the district, province, and department of Cusco. Mirina is 42 and lives with her partner. She has three children and runs a restaurant. She prepares different dishes such as potato, soup, and salted meat. She works from... More from Sol Radiante -Wimpillay 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