Villa Quiquijana Group
Update on Villa Quiquijana GroupThese members belong to the communal bank Villa Quiquijana. They live in the district of Quiquijana, which is in the province of Quispicanchis.
Member Augusta is 47 years old and married. She works running her business, which is a grocery store. She sells basic staples like rice, sugar, milk, and oil. She works from 8:00 am to 6:00 pm. She has been in business for one year and things are going very well for her. Her dream is to expand her grocery store. She is requesting this loan to buy milk, sugar, oil, and rice.
She is grateful to everyone who is a part of this dream by making these resources available, and she promises to make all of her payments on time.
The rest of the members do business selling animals, selling grains, running another grocery store, and running a restaurant.
The members attached to the group photo had their picture taken after the meeting. They were absent because they had to work. The person whose face is covered does not belong to Villa Quiquijana communal bank.
La socia es la Sra. Augusta ella es casada y tiene 47 años; La socia trabaja en su negocio de tienda de abarrotes, la socia vende productos de primera necesidad como arroz, azúcar, leche y aceite, la socia trabaja desde las 8:00 a.m hasta las 6:00 p.m, la socia ya tiene 1 año en este negocio y le va muy bien, el sueño de la socia es ampliar el negocio de tienda de abarrotes. La socia solicita el crédito para comprar leche, azúcar, aceite y arroz.
Las socias que estan pegadas a la foto grupal se les tomo la foto despues de la reunion porque pidieron permiso por motivos de trabajo.
La persona que sale con la cara tapada no pertenece al banco comunal Villa Quiquijana.
Los otros socios se dedican al negocio de venta de animales, negocio de venta de granos, negocio de tienda de abarrotes y negocio de restaurant.
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 DetailsThis is a member of the “VILLA QUIQUIJANA” communal bank. Martina is 50 years old, is separated and has seven children. She has a restaurant where she sells different types of dishes such as baked goods, fried pork rinds, “lechon” (a dish made from pork), and other things. She also sells beer… More from Villa Quiquijana Group's previous loan »
More information about this 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
- 6 months (Additional Information)
- Repayment Schedule
- Apr 22, 2014
- May 7, 2014
- Currency Exchange Loss:
- Sep 19, 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.