Señor De Huanca Group
Update on Señor De Huanca GroupAydee was born in the city of Cusco and lives in the same city where she was born. (In the photograph, Aydee is raising her hand.)
This is the second time we are visiting the community bank and are finding the same people but they invited another person so what was 12 people is now 13 members. The majority of the members continue to dedicate themselves to the same businesses, for example, selling young animals like guinea pigs, selling food, selling groceries, selling weaving and selling honey. For many years the members have requested loans from Arariwa Association and it has been going well thanks to the punctual payments that the members make.
At this time, we return to interview Aydee who is dedicated to providing laundry services but additionally now she is dedicated to selling clothing.
Aydee needs, at this time, the loan to maintain the washing machines and to buy materials for her work like detergents, bleach, perfumes, and other items.
The majority of the members live in the city of Cusco where they perform their jobs. Cusco is known for being a very touristy and commercial area, for its traditional festivity, Inti Raymi, and because you can find one of the seven wonders of the world, Machupicchu.
Es la segunda veces que visitamos al banco comunal y encontramos a las mismas personas pero invitaron a una persona ósea de lo que eran 12 socios ahora son 13 socios. La mayoría de los socios siguen dedicándose a los mismos negocios como por ejemplo venta de animales menores como cuyes, venta de comida, venta de abarrotes, venta de tejidos y venta de miel. Ya son varios años que los socios solicitan préstamos de la Asociación Arariwa y les va muy bien gracias a los pagos puntuales realizan los socios.
En esta oportunidad volvimos a entrevistar a la socia Aydee que se dedica a la brindar servicios de lavandería pero adicionalmente ahora se dedica a la venta de prendas de vestir.
Aydee requiere en esta oportunidad el crédito para hacer mantenimiento de las maquinas lavadoras y para comprar materiales de trabajo como por ejemplo detergentes, blanqueadores, perfumes y otras cosas más.
La mayoría de los socios viven en la ciudad del Cusco y donde realizan sus actividades económicas. Cusco es conocido por ser una zona muy turística, comercial, por su fiesta tradicional del Inti Raymi y porque se encuentra una de las siete maravillas del mundo “Machupicchu”.
(Dos de los socios faltaron a la reunión y la junta directiva les concedió permiso).
Previous Loan DetailsSra. Aydee was born in the city of Cusco and lives there still. In the photograph she is raising her hand. Sra. Aydee is a widow and has two children. She is a working mother and is responsible for helping her children to get ahead. She has a laudromat and two people who help her with the… More from Señor De Huanca 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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Dec 21, 2011
- Jan 14, 2012
- Currency Exchange Loss:
- May 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.