Yahuar Maqui Group
Update on Yahuar Maqui GroupThe members belong to the “Yahuar Maqui” communal bank located in Cusco District belonging to Cusco Province and Department. Leoncio, 55, is a member. He’s married and has three children. He alternates his daily activities with a grocery business. He’s been in business for years and does well thanks to the daily effort he puts into his business. He sells basic family staples like rice, sugar and milk, among others. At the same time he’s part of a musical group and this is how he supports his family. He requests the loan to buy sugar and milk for his business. He’s grateful to all those who share his dream by this means and commits to make his payments as scheduled.
The members who appear in the inserted photos asked permission to be late because of work.
El socio es la Sr. Leoncio él es casado tiene 55 años y tiene 3 hijos; el socio alterna sus actividades diarias con el negocio de tienda de abarrotes, él socio lleva años con su negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, él socio vende lo que son productos de primera necesidad como arroz, azucar, leche entre otros, él socio a la vez cuenta con un grupo musical, siendo de esta manera que el socio saca adelante a su familia.
El socio solicita el credito para la compra de azúcar y leche para su negocio.
Los otros socios se dedican al negocio de venta de artesanía, negocio de taller de mecánica, negocio de restaurant, venta de mochilas, venta de golosinas.
Las socias que salen en la foto adjunta pidieron permiso para llegar tarde por motivos de trabajo.
El socio 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 comunal bank “Yahuar Maqui.” This bank is located in the district of Cusco, belonging to the province of Cusco and the department of Cusco. Reyna Yamina lives with her partner, is 41 years old, and has three children. She works in her business selling clothes. She sel... More from Yahuar Maqui 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