Update on Huaraypata GroupThese members belong to the “HUARAYPATA” communal bank, located in the Urcos district, part of the Quispicanchis province and the Cusco department.
Juana Paula is 44 years old, married, and has five children. She raises animals such as Guinea pigs and chickens and sells them at different fairs. She also works in a day care center from 8:00 am to 5:00 pm. She’s had her animal business for more than eight years and wants to get her children ahead through her business. She is asking for this loan in order to buy animals and feed.
The members who’s photographs are attached had their pictures taken later because of work.
The rest of the members have grocery stores, raise Guinea pigs, farm, and sell animals.
[Juana Paula] is grateful to those who form a part of this dream and promises to make her payments on schedule.
La socia es la Sra. Juana Paula ella es casada y tiene 44 años y tiene 5 hijos; La socia trabaja en su negocio de crianza de animales, la socia cría animales como cuyes y gallinas, ella los hace engordar y crecer y luego los vende en las diferentes ferias, la socia también trabaja en un centro donde cuidan niños, la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,la socia tiene 8 años en su negocio de crianza de animales, por medio de su trabajo y negocio la socia saca adelante a sus hijos, el sueño de la socia es tener un local donde venda los animales. La socia solicita el préstamo para comprar animales y alimentos para los animales.
Los socios que están pegados a la foto grupal se les tomo después la foto porque pidieron permiso por motivos de trabajo.
Los otros socios se dedican al negocio de tienda de abarrotes, negocio de crianza de cuyes, negocio de agricultura 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 DetailsThe member belongs to the community bank "Huaraypata". This bank is located in the community of Huaraypata, in the province of Quispicanchis, and the department of Cusco. The member is called Matilde. She is married and 45 years old. She has 2 children. She works raising chickens and selling flo... More from Huaraypata 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