Nuevo Amanecer De Huasao Group
Update on Nuevo Amanecer De Huasao GroupThe Nuevo Amanecer de Huasao community bank is located in the district of Cusco, which is in the province and department of Cusco.
Casilda is a member of the group. She is 49 years old, married, and has one child. She works at her business raising animals. She raises guinea pigs and chickens. She fattens them and raises them and later sells them at different markets. She works from 8:00am until 6:00pm. She has been doing this work for 7 years and says it is going very well. Her dream is to have a store where she can sell the animals.
She is requesting this loan to purchase guinea pigs and chickens as well as feed for the animals.
The other group members work raising animals, selling guinea pigs, at a grocery store and selling clothing.
They are grateful to everyone who is a part of making this dream happen and promise to make their repayments according to the established schedule.
La socia es la Sra. Casilda ella es casada y tiene 49 años y tiene 1 hijo; La socia trabaja en su negocio de crianza de animales, la socia cría cuyes y gallinas, la socia los hace engordar y crecer y luego los vende en las diferentes ferias, la socia trabaja desde las 8:00 a.m hasta las 6:00 p.m, la socia ya tiene 7 años en este negocio y le va muy bien, el sueño de la socia es tener un local donde pueda vender los animales. La socia solicita el crédito para comprar cuyes y gallinas y alimentos para los alimentos.
Los otros socios se dedican al negocio de venta de crianza de animales, negocio de venta de cuyes, negocio de tienda de abarrotes y negocio de venta de ropa.
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 members belong to the “NUEVO AMANECER DE HUASAO” communal bank. This bank is located in the Cusco district which is part of the Cusco province and Cusco department. Fanny is 40 years old. She has a partner and two children. She works in her business selling chickens. The member fattens an... More from Nuevo Amanecer De Huasao 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