Sr De Coyllority Cachimayo Group
Update on Sr De Coyllority Cachimayo GroupThe partners belong to the community bank "Sr de Coyllority Cachimayo." This bank is situated in the Cachimayo district. It belongs to the Anta province and the department of Cusco.
The member is Carmen. She is married, is 46 years old, and has 5 children. She alternates her daily activities with the business of raising small animals such as guinea pigs and hens. She has been in this business for a good while. It is going well for her, thanks to the effort that she puts into her business everyday.
The member raises these small animals in order to sell them later to her customers who ask for them. She would like to continue working in order to continue supporting her family in this way. The member is applying for the loan to buy guinea pigs and food for her business.
The photo was taken in two groups, since the group of 5 members was cooking for the rest of the group. The other members make their living in the sweater-selling business, the clothing business, the grocery store business, raising small animals, livestock, and food sales.
The member is grateful to all who form part of this dream through these means, and is committed to making her payments on time.
La socia es la Sra. Carmen ella es casada, tiene 46 años y tiene 5 hijos; La socia alterna sus actividades diarias con el negocio de crianza de animales menores como cuyes y gallinas, la socia lleva buen tiempo dedicándose a este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia cría a estos animalitos para luego venderlos a sus clientes que le solicitan, la socia desea poder seguir trabajando para de esta manera seguir apoyando a su familia.
La socia solicita el crédito para comprar cuyes y comida para su negocio.
La foto fue tomada en dos grupos ya que el grupo de 5 socias estaba cocinando para el resto del grupo.
Los otros socios se dedican al negocio de venta de chompas, negocio de ropa, negocio de tienda de abarrotes, crianza de animales menores, ganadería y venta de comida.
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 DetailsThese members belong to the communal bank “SR DE COYLLORITY CACHIMAYO.” This bank is located in the district of Cachimayo, which belongs to the province of Anta and the department of Cusco.… More from Sr De Coyllority Cachimayo Group's previous loan »
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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