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Sumac Maky Group
In this Group: Nely, Carmen Vicenta, Luzmila, Deysi, Leoncia, Delia Elsa, Emeteria Edilma, Katia Marilyn*, Jose David, Gerarda
* not pictured

Update on Sumac Maky Group

Nely, 49, is married and has three children. She’s from Cusco Province in Cusco Department. Nely is an enterprising, responsible mother who likes challenges. She sells crafts. She has a small workshop at home where she makes weavings based on alpaca wool. She’s been in this business for several years and does very well. On this occasion, Nely needs the loan to buy work supplies like alpaca wool, for example. (Nely is raising her hand in the photo.)

This group is composed of friends and neighbors who joined together into the “Sumac Maky” communal bank in Cusco Province, Cusco Department. The bank is composed of people who are always seeking ways to get ahead and by means of their daily efforts provide a better future for their children. The members as a group are grateful for the opportunity provided and commit to make their installment payments as scheduled.

Cusco is located in Cusco District and Province which are in Cusco Department in the very heart of the ancient Inca city. It’s noted for being a tourist destination because of its archaeological sites, its historic city center, its scenery, its history and for being an enchanting city in the southern region of the country. Cusco is also known for its traditional Inti Raymi festival and because one of the Seven Wonders of the World, Machupicchu, is located here.
View original language description ↓
La socia Nely tiene 49 años de edad y es casada y fruto de esta hermosa relación tiene tres hijos, ella es natural de la provincia del Cusco del departamento del Cusco. La socia Nely es una madre emprendedora y responsable que le gusta los retos, ella se dedica a la venta de artesanía, ella tiene un pequeño taller en su domicilio donde elabora tejidos en base de lana de alpaca. Desde hace varios años que se dedica a este negocio y le va muy bien. En esta oportunidad Nely requiere el préstamo para comprar materiales de trabajo como por ejemplo lana de alpaca. (La socia Nely está levantando la mano en la fotografía).

Este grupo está conformado por vecinos y amigos que formaron el banco comunal “Sumac Maky” en la provincia del Cusco del departamento del Cusco. Este banco comunal está conformado por personas que buscan a cada momento las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos. Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos.

Cusco está ubicado en el distrito y provincia del Cusco del departamento del Cusco en pleno corazón de la antigua ciudad de los Incas y se caracteriza por ser una zona turística, por sus centros arqueológicos, por su centro histórico, por sus paisajes, por su historia y por ser una ciudad encantadora de la Región del Sur del país. Cusco es conocido también por su fiesta tradicional del Inti Raymi y porque se encuentra una de las siete maravillas del mundo “Machupicchu”.

Previous Loan Details

A group of friends and neighbors formed the community bank "Sumac Maky" in the city of Cusco. The bank has been running for some years and it is well organized. This community bank is comprised of 10 people who are always looking for opportunities to get ahead and, with their daily efforts, to de... More from Sumac Maky Group's previous loan »

Additional Information

Important Information

About 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.

About Peru

  • $6,715
    Average annual income
  • 77
    View loans »
    Peru Loans Fundraising
  • $55,191,575
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Sumac Maky Group's $4,650 loan helped a member to buy work supplies like alpaca wool.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2012
Listed
Sep 12, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013