Update on Intihuatana GroupThe group members pictured above belong to the community bank, "INTIHUATANA," which is located in the Urcos district in the Quispicanchis province, department of Cusco.
Marleni is a member of the group, is 37 years old, and has two children. She makes a living raising and breeding animals such as chickens, pigs and guinea pigs, and she feeds them to fatten them up for sale in the local markets and fairs. Marleni has five years of experience in this trade, and she previously worked selling vegetables, but that endeavor did not go as she had hoped. She therefore decided to change businesses in an effort to provide for her children, and her dream is to eventually open her own store for selling her animals. Marleni is requesting this loan in order to purchase animals for her business, such as guinea pigs, pigs and chickens, and to buy feed for her animals as well.
The other group members work in various trades, including: vegetable sales, corn sales, operating grocery and general stores, and animal sales.
Marleni is grateful for this opportunity and for the lenders who make her dream possible, and she promises to make prompt loan repayments
La socia es la Sra. Marleni ella es soltera y tiene 37 años y tiene 2 hijos; La socia trabaja en su negocio de crianza de animales como gallinas,chanchos y cuyes,la socia los hace engordar y crecer y luego los vende en el mercado o en las diferentes ferias,la socia ya tiene 5 años en este negocio anteriormente la socia se dedicaba al negocio de venta de verduras pero no le fue muy bien y decidió de cambiarse de negocio,la socia por medio de este negocio saca adelante a sus hijos,el sueño de la socia es tener un local donde pueda vender los. La socia solicita el préstamo para comprar cuyes,chanchos y gallinas y también para comprar alimentos para los animales.
Los otros socios se dedican al negocio de venta de verduras, negocio de venta de maiz, 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 DetailsOur members belong to the “INTIHUATANA” (Sacred Inca Stones) communal bank; it has 13 cheerful, hard-working members who live in Urcos district, Quispicanchi province, Cusco department. Marleni, 37, is a single mother of two children. In order to feed and educate her children she invested a... More from Intihuatana 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