Señor De Huanca De Cusco Group
Update on Señor De Huanca De Cusco GroupThese members belong to the “SEÑOR DE HUANCA DE CUSCO” communal bank. This bank is located in the district of Cuzco, in the province and department of Cuzco.
The member's name is Andrea. She is 57, married and has 5 children. She works at her business raising animals, guinea pigs and chickens. She fattens them up and then sells them at different markets. She works from 8:00 a.m. until 6:00 p.m. and has had this business for 7 years. It is going well for her. Her dream is to have a locale where she can sell the animals. She is asking for the loan to buy guinea pigs and chickens and fed for the animals. The other members have businesses selling furniture, selling food, a convenience store and a restaurant.
she is grateful to those who have been a part of her dream in the way and she is committed to making her payments on time.
La socia es la Sra. Andrea ella es casada y tiene 57 años y tiene 5 hijos; 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 muebles, negocio de venta de comida, negocio de tienda de abarrotes y negocio de restaurant.
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 Señor de Huanca de Cusco community bank is located in the district of Cusco in the province and department of Cusco. Margarita is a member of the group. She is 58 years old, married, and has five children. She works at her business buying and selling furniture. She has a carpentry bus... More from Señor De Huanca De Cusco 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
- 6 months (Additional Information)
- Repayment Schedule
- Jun 14, 2013
- Jul 14, 2013
- Currency Exchange Loss:
- Nov 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.