Señor De Coylloriti Group
Update on Señor De Coylloriti GroupIntroducing the members of “Señor de Coylloritty”, a Communal Bank located in Cusco district, province and department.
Rosa is a member of this group. She is 57 years old, she live with her life partner and the have 9 children. She runs a retail activity of her own, selling corn that she buys at wholesale price; she also owns a gas station. Rosa has been selling corn for more than 30 years add things are going very well. She works from 8 am to 5 pm and thanks to this activity she succeeds in providing for her children. Rosa dreams of owning a locale where to sell her corn. She is requesting a loan to buy corn at wholesale price.
The other members of the group engage in selling clothes, providing taxi services, selling food and running a grocery store.
Rosa is grateful to those that will help her making her dream come true through this mean, and she commits to complying with the repayment of her dues according to schedule.
La socia es la Sra. Rosa ella es conviviente y tiene 57 años y tiene 9 hijos; La socia trabaja en su negocio de venta de maíz, la socia vende maíz al por mayor, la socia también tiene un grifo,la socia en el negocio de venta de maíz ya tiene 30 años y le va muy bien, la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,por medio de estos negocios la socia saca adelante a sus hijos, el sueño de la socia es tener un local donde pueda vender maíz. La socia solicita el préstamo para comprar maíz al por mayor.
Los otros socios se dedican al negocio de venta de ropa, negocio de servicio de taxi, negocio de venta de comida y negocio de tienda de abarrotes.
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 DetailsA group of neighbors and friends formed the “Senor de Coylloriti” communal bank in the district of Cusco. The communal bank is composed of a dozen people who are always searching for opportunities to get ahead, and with their daily efforts, to provide a better future for their children. The membe... More from Señor De Coylloriti 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