Señor De Wimpillay - Ii Group
Update on Señor De Wimpillay - Ii GroupThe members belong to the “Señor de Wimpillay-II” communal bank located in Huanchac District belonging to Cusco Province and Department. Hermelinda, 35, is one of the members; she has two children. She alternates her daily activities with the sale of food. She works from place to place at one of the urban transportation firms’ final stop. She’s been in this business for a good length of time and does well thanks to the effort she puts into it every day. She also has a hardware business she operates in the afternoon. She’s a responsible, dedicated person who supports her family this way. She requests the loan to buy ingredients like rice and oil and to pay some personal expenses. She thanks those who share her dream by this means and commits to make her payments as scheduled.
The other group members sell sandals, metal structures, run grocery stores, sell woven textiles and are employees in public and private institutions.
The people in the inserted photo are members who asked permission to be late to the meeting due to work reasons.
La socia es la Sra. Hermelinda ella es conviviente tiene 35 años y tiene 2hijos; La socia alterna sus actividades diarias con el negocio de venta de comida ,la socia trabaja de forma ambulatoria en uno de los paraderos finales de una empresa de transporte urbana, la socia lleva buen tiempo en este su negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia a la vez tiene otro negocio de ferretería el cual lo administra por las tardes, la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el crédito para la compra de insumos como arroz, aceite y para algunos gastos personales.
Los otros socios se dedican al negocio de venta de zapatillas, estructuras metalicas, tienda de abarrotes, venta de tejidos, trabajadores de instituciones públicas y privadas.
Las personas que salen en la foto adjunta son socios que pidieron permiso para llegar tarde a la reunión por motivos de trabajo.
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 DetailsYovana belongs to the 'SEÑOR DE WIMPILLAY - II” community bank which is located in Huanchac district, in Cusco province and department. Yovana is 39 years old, single, and has one son who is 18 years old. She divides her time between her daily activities and her business buying and selling… More from Señor De Wimpillay - Ii 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