Update on Sacsayhuaman GroupThe partners belong to the community bank “SACSAYHUAMAN”. This bank is located in the district of Cuzco, which belongs to the province of Cuzco and the department of Cuzco.
Hayde is a member. She is 50 years old, married, and has three children. She works in her business selling food such as roast chicken, soups, meat with rice and other dishes. She also prepares breakfast like milk, coffee and punch. The member has a food stall, and has dedicated herself to this business for 15 years. In her free time, she likes to to take walks with her children. Her dream is to have a restaurant. The member is requesting this loan to buy wholesale products for cooking such as chicken, vegetables and meat.
The member who is added on to the group picture excused himself because of work and had his photo taken after.
The other members are in the business of selling handicrafts, the business of selling dolls, the wine sales business, the printing business and the food sales business.
Hayde is grateful to those that are part of this dream by means of this mode and is committed to paying her dues on time.
La socia es la Sra. Hayde ella es casada y tiene 50 años y tiene 3 hijos; La socia trabaja con su negocio de venta de comida, la socia vende pollo al horno,sopas,carne con arroz entre otros platos, la socia también prepara desayunos como leche, café y ponches, la socia tiene un puesto de venta de comida, la socia se dedica a este negocio 15 años, en sus tiempos libres a la socia le gusta salir a pasear con sus hijos, el sueño de la socia es tener un restaurant. La socia solicita el préstamo para comprar productos para cocinar como pollo, verduras y carne al por mayor para que cocine la comida.
El socio que esta pegado a la foto grupal se le tomo despues la foto porque pidio permiso por motivos de trabajo.
Los otros socios se dedican al negocio de venta de artesanía, negocio de venta de muñecas, negocio de venta de vinos, negocio de imprenta y negocio de venta de comida.
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 communal bank SACSAYHUAMAN. This bank is in the Huanchac district of the Cusco province and department. The member is Hayde and she is 49-years-old, single, and has three children who are 25, 24, and 19-years-old. She works preparing home-cooked meals. She has a st... More from Sacsayhuaman 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