Wayna Taucaray Iii Group
Update on Wayna Taucaray Iii GroupA group of neighbors and friends formed the “Wayna Taucaray III” communal bank in the city of Cusco. This communal bank is formed of people who seek ways at every moment to get ahead by means of their daily efforts to provide a better future for their children. Some examples of the members’ economic activities are: textile sales, ropes, office supplies, clothes, food, fruit, vegetables, cosmetics; some provide transportation and security services.
Juana was born in Cusco Province. She’s 43-years-old, married and her beautiful relationship has yielded five children. She has a small business consisting of the sale of potato, manioc and dehydrated potatoes, among other things. On this occasion she needs the loan to buy merchandise like sacks of potatoes, manioc and dehydrated potatoes.
The members in general are grateful for the opportunity provided and commit to make their various installment payments as scheduled.
Cusco is located in Cusco District, Province and Department in the very heart of the ancient Inca city and it’s noted for being a tourism center thanks to its archaeological sites, historic city center, scenery and history and for being an enchanting city in the southern region of the country. Cusco is known for being a very commercial, tourist center, for its traditional Inti Raymi festival and because one of the Seven Wonders of the World, Machupicchu, is located there.
Juana nació en la provincia del Cusco y tiene 43 años, es casada y fruto de esta hermosa relación tiene cinco hijos, ella tiene un pequeño negocio que consiste en la venta papa, yuca, moraya y otras cosas más, ella en esta oportunidad requiere el préstamo para comprar mercadería como sacos de papas, yucas y moraya. 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 siendo una ciudad encantadora de la Región del Sur del país. Cusco es conocido por ser una zona muy turística, comercial, por su fiesta tradicional del Inti Raymi y porque se encuentra una de las siete maravillas del mundo “Machupicchu”
Previous Loan DetailsThe members belong to the "WAYNA TAUCARAY" communal bank; this bank is located in the district of Cusco, which belongs to the province of Cusco and the department of Cusco. One member, Teresa, is 52 years old and is married with 6 children. She works in her business selling ceviche (a dish made… More from Wayna Taucaray Iii 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