Villa Quiquijana Group
Update on Villa Quiquijana GroupThis is a member of the “VILLA QUIQUIJANA” communal bank. Martina is 50 years old, is separated and has seven children. She has a restaurant where she sells different types of dishes such as baked goods, fried pork rinds, “lechon” (a dish made from pork), and other things. She also sells beer and chicha and has been doing this for a good amount of time; things are going well for her thanks to the daily efforts she puts in. She is a responsible and hardworking woman who wants to keep working and supporting her family.
She needs a loan to buy beer for her business.
The other members sell food, have grocery stores, sell grains, sell clothing, have a pharmacy, and teach.
The members in the attached photos could not attend the meeting due to work commitments.
The person with her face covered is not part of the communal bank.
This member is grateful for the support and promise to make their payments on time.
La socia solicita el crédito para la compra de cerveza para su negocio.
Los demás socios se dedican a la venta de comida, picanteria, tienda de abarrotes, venta de granos, venta de ropa, farmacia, maestro constructor.
Las socias que salen en la foto adjunta pidieron permiso para llegar tarde a la reunión por motivos de trabajo.
La persona que sale con la cara tapada no pertenece al banco comunal.
La socia agradece el apoyo brindado mediante este medio y se comprometen a cumplir con el pago de sus deudas en el plazo establecido.
Previous Loan DetailsDany Marisa belongs to the “Villa Quiquijana” communal bank. She’s 43-years-old, married and has three children. She alternates her daily activities with a grocery store. She sells various products like rice, sugar and milk, among others. She’s been in business quite some time and does well t... More from Villa Quiquijana Group's previous loan »
More information about this 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