Warmicuna Llanqanchis Group
Update on Warmicuna Llanqanchis GroupThe members of this group belong to the community bank of Warmicuna Llanqanchis. The bank is located in the district of Anta, which belongs to the province of Anta and the department of Cusco.
This member is Ruth. She is 42 years old, has two children, and lives with her partner. She works as an elementary school teacher, and teaches the children from 8:00 a.m. to 3:00 p.m. She has been working at this job for 4 years now, and it is going very well. Her dream is to have a clothing store. She is requesting a loan to purchase a television for her home.
The other members of the group earn a living selling clothes, selling chicha (a drink made from corn), selling groceries, and selling animals.
Ruth is thankful to those who form a part of her dream, and for this reason she is committed to making all of her repayments according to the agreement.
La socia es la Sra. Ruth ella es conviviente y tiene 42 años y tiene 2 hijos; La socia trabaja en su trabajo como profesora del nivel primario,la socia enseña a niños desde las 8:00 a.m hasta las 3:00 p.m,la socia ya tiene 4 años en este trabajo y le va muy bien,el sueño de la socia es tener una tienda de ropa. La socia solicita el crédito para comprar un televisor para su casa.
Los otros socios se dedican al negocio de venta de ropa, negocio de venta de chicha, 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 DetailsThe Warmicuna Llanqanchis community bank is located in the district of Anta in the province of Anta and department of Cusco. Luciana is a member of the group. She is 46 years old, married, and has four children. She works selling and raising animals. She raises guinea pigs and chickens, fat... More from Warmicuna Llanqanchis 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