Happy Ayllu Group
Update on Happy Ayllu GroupThe members belong to the “HAPPY AYLLU” community bank. This bank is located in the district of Wanchaq, in the province of Cusco and department of Cusco.
Señora Alejandrina is a member. She is married, 50 years old, and has three children. She works in her business selling tablecloths and quilts, and has a stall in a shopping mall. The member works from 8:00 am to 7:00 pm. She has been in this business for 30 years and is doing very well.
Alejandrina's dream is to expand her tablecloth and quilt business. She is requesting the loan to buy wholesale tablecloths and quilts.
The other members make a living with a restaurant, a grocery store, a business selling animals, and a business selling wine.
The member is grateful to those who are part of her dream and is committed to making her loan repayments on time.
La socia es la Sra. Alejandrina ella es casada y tiene 50 años y tiene 3 hijos; La socia trabaja en su negocio de venta de manteles y edredones, la socia tiene un puesto en un centro comercial, la socia trabaja desde las 8:00 a.m hasta las 7:00 p.m, la socia ya tiene 30 años en este negocio y le va muy bien, el sueño de la socia es ampliar el negocio de venta de edredones y manteles. La socia solicita el préstamo para comprar manteles y edredones al por mayor.
Los otros socios se dedican al negocio de restaurant, negocio de tienda de abarrotes, negocio de venta de crianza de animales y negocio de venta de vinos.
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 HAPPY AYLLU; This bank is located in the district of Wanchaq, in the province of Cusco and department of Cusco. The member is Rosa Hilda. She is 60 years old, a widow and has three children. The member combines her daily activities with the business of s... More from Happy Ayllu 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