Señor De Wimpillay Group
Update on Señor De Wimpillay GroupThe members belong to the “Señor de Wimpillay” communal bank located in Cusco District belonging to Cusco Province and Department. Isabel, 45, is married with three children.
She alternates her daily activities with a grocery business. She sells various types of products like rice, sugar, milk, soft-drinks, etc. She’s been in business for some time now and does well thanks to the daily effort she puts into it. She wants to continue working to continue supporting her family this way. She’s asking for the loan to buy merchandise like rice and sugar. She thanks those who share her dream by this means and commits to make her payments as scheduled.
The other members sell fruit, crafts, ‘salchipapas’ [fried potatoes with fried sausages], beer, natural products, ‘ceviche’ [marinated seafood cocktail], provide taxi service, grocery store, food sales, plumber and electrician.
The member in the inserted photo asked permission to be late to the meeting because of work.
La socia es la Sra. Isabel ella es casada tiene 45 años y tiene 3 hijos; La socia alterna sus actividades diarias con el negocio de tienda de abarrotes, la socia vende diferentes tipos de productos como arroz, azucar, leche, gaseosas entre otros, la socia lleva buen tiempo con su negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el crédito para la compra de mercadería como arroz y azúcar.
Los otros socios se dedican al negocio de venta de fruta, venta de artesanía, venta de salchipapas, deposito de cerveza, venta de productos naturales, venta de ceviche, brindando el servicio de taxi, tienda de abarrotes, venta de comida,gasfitero,elestrisista.
La socia que sale en la foto adjunta pidió permiso para llegar tarde a la reunión por motivos de trabajo.
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 community bank "Señor Wimpillay". This bank is located in the district of Cusco which belongs to the province of Cusco and the department of Cusco. The member is Gladys. She is 40 years old and has 3 children. The member combines her daily tasks with a business selling… More from Señor De Wimpillay 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