San Hilario Group
Update on San Hilario GroupThe members belong to the San Hilario Communal Bank. This bank is located in the district of Cusco, which belongs to the province of Cusco and the department of Cusco.
The member, Yonny, is 31 years old with one child, and she lives with her partner. She alternates her daily activities with the business of raising small animals, such as guinea pigs. She has had her business for a long time and it is going well for her, thanks to the effort that she puts into it every day. She raises her animals in order to sell them later to her customers, who request them.
She is a responsible and diligent person; and this is the way that she provides for her family. She is requesting a loan for the purchase of guinea pigs.
The other members devote themselves to businesses such as the sale of dairy products, clothing sales, a pharmacy, working independently, teaching, and providing taxi service.
The member thanks those who are part this dream through this loan; and she promises to make her payments on time. The members in the attached photos requested permission to arrive late to the meeting because of work.
La socia Yonny tiene 31 años de edad, 01 hijo y es conviviente, la socia alterna sus actividades diarias con el negocio de crianza de animales menores como cuyes, la socia lleva buen tiempo con su negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia cría a sus animales para luego venderlos a sus clientes que le solicitan, la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el crédito para la compra de cuyes.
Los otros socios se dedican al negocio de venta de productos lácteos, venta de ropa, farmacia, trabajadores independientes, docentes, brindando el servicio de taxi.
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.
Las socias que salen en la foto adjunta pidieron permiso para llegar tarde a la reunion por motivos de trabajo.
Previous Loan DetailsThe members belong to the “San Hilario” communal bank; this bank is located in the district of Cusco, belonging to the province of Cusco and department of Cusco. The member Zinaida is 32 years old, has three children and is married. She alternates her daily activities with the business of sellin... More from San Hilario 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