Amanecer De Los Inkas Group
Update on Amanecer De Los Inkas GroupThe Communal Bank “Amanecer de los Inkas” (Dawn of the Incas) consists of friends, co-workers, and neighbors who have good rapport. These members live in the city of Cusco, a city that is known for its archaeological sites, its historical center, its landscapes, its history, and its reputation of being one of the most enchanting cities in the southern part of the country.
The members of this group are hardworking and enterprising individuals. They see each moment as an opportunity to move forward, so they strive each day to provide a better future for their children. Most of these members engage in some type of business activity such as selling food, selling vegetables, selling meals, selling handicrafts, selling beer, and providing various services.
Estefania is 53 years old, married, and has nine children. She was born in Urubamba Province, but now lives in the beautiful city of Cusco. Her business activity involves selling food products from a small grocery store in her home. She also makes “chicha de jora” (a traditional beverage made from corn). Estefania is taking this opportunity to request a loan so that she can buy more merchandise, such as sacks of rice, sacks of sugar, and other items.
The members appreciate the opportunity that has been given to them, so they promise to complete their payments according to the established terms.
Los socios son trabajadores y emprendedores que buscan a cada momento las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos. La mayoría de los socios se dedican a diferentes actividades económicas como por ejemplo venta de comestibles, venta de verduras, venta de comida, venta de artesanía, venta de cerveza y otros brindan servicios.
Estefania tiene 53 años de edad, es casada y fruto esta unión tiene nueve hijos, ella nació en la provincia de Urubamba pero vive en la hermosa ciudad del Cusco. Su actividad económica de Estefania es la venta de comestibles es decir tiene una pequeña tienda de abarrotes en su domicilio pero también se dedica a la elaboración de chicha de jora. En esta oportunidad Estefania requiere el préstamo para comprar más mercadería como por ejemplo sacos de arroz, sacos de azúcar y otras cosas más.
Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos.
Previous Loan DetailsThe community bank "Amanecer de los Inkas" (Dawn of the Incas) consists of six men and five women. The majority of the members are friends, workmates and neighbors that have a close friendship together. The members live in the city of Cusco, a city which is characterized by its archeological ce... More from Amanecer De Los Inkas 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