Señor De Huanca Milagroso Group
Update on Señor De Huanca Milagroso GroupThe members belong to the Señor de Huanca Milagroso communal bank located in the district of Cusco, province of Cusco, and department of Cusco.
Elizabeth, 45, was born in Cusco and lives in the same city. She's married and has two children from this beautiful relationship. She's a lawyer by profession and she practices, but she has a second job selling clothing. She has had this business for several years now and it's going very well for her.
Elizabeth currently needs a loan to buy merchandise such as clothing for children, women, and men.
The group member in the thumbnail, which was taken after the group photo, was not present for group photo because she had to work.
The other members make a living with a grocery store, selling wine, selling fruit, and with a restaurant.
She's grateful to those who are part of her dream through this means and she promises to make her payments by the deadline.
La socia Elizabeth nació en la ciudad del Cuso y vive en la misma ciudad donde nació, ella tiene 45 años de edad y es casada y fruto esta hermosa relación tiene dos hijos, ella es abogada de profesión y lo ejerce pero tiene una segunda actividad económica que consiste en la venta de ropa. Ya son varios años que se dedica a este negocio y le va muy bien. En esta oportunidad la socia Elizabeth requiere el préstamo para comprar mercadería como por ejemplo ropa para niños, damas y caballeros. (La socia que esta pegada a la foto grupal se le tomo despues la foto porque pidio permiso por motivos de trabajo).
Los otros socios se dedican al negocio de venta de tienda de abarrotes, negocio de venta de vinos, negocio de venta de frutas y negocio de restaurante.
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 DetailsThese communal bank members belong to the "Señor de Huanca Milagrose" communal bank. This bank is located in the district of Cusco, which is in the province and department of Cusco. One bank member is Señora Rosana. She is 44 years old, lives with her partner, and has 1 son. She works in her… More from Señor De Huanca Milagroso 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
- Repayment Term
- 7 months (Additional Information)
- Repayment Schedule
- Apr 18, 2013
- May 1, 2013
- Currency Exchange Loss:
- Oct 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.