Inmaculada Concepcion De Pacca Group
Update on Inmaculada Concepcion De Pacca GroupThese are the members of the communal bank “Inmaculada Concepción de Pacca”, located in the Anta district, Anta province, in the department of Cusco.
Agripina, one of the members, is 47 years old, married and has two children. She works raising and selling animals. She has guinea pigs and hens, and when they are big and fat, she sells them at different fairs. It is with this business that she is able to raise her children. Her dream is to have a place where she can sell her animals.
Agripina is requesting a loan to buy guinea pigs, hens and animal feed.
The other members have different activities: food sales, agriculture, grocery stores and animal sales. Agripina wants to thank all of those who make part of this dream through this means and promises to pay the installments according to plan.
La socia es la Sra. Agripina ella es casada y tiene 47 años y tiene 2 hijos; La socia trabaja en su negocio de venta y crianza de animales, la socia cría los cuyes y gallinas los hace crecer y engordar y luego los vende en las diferentes ferias, por medio de este pequeño negocio la socia saca adelante a sus hijos, el sueño de la socia es tener un local donde pueda vender los cuyes y gallinas. La socia solicita el crédito para comprar cuyes y gallinas y alimentos para los cuyes y gallinas.
Los otros socios se dedican al negocio de venta de comida, negocio de agricultura, 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 DetailsThese are the members of “Inmaculada Concepción de Pacca”, a Communal Bank located in Anta, a district in Anta province of the Cusco department. Luisa is 54 years old, she is a widow and she has 3 children. She alternated her daily chores with breeding small animals such as “cuyes” (“cuy” is Que... More from Inmaculada Concepcion De Pacca 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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