Señor De Huanca Group
Update on Señor De Huanca GroupThese members belong to the communal bank Señor de Huanca. This bank is located in the district of Cusco, which belongs to Cusco province, in the department of Cusco.
Guillermina is one of its members. She is married and has three children. She is sixty years old. Her business is a grocery store, where she sells basic items like rice, sugar, milk, and oil. She sets up a grocery stand in the market and works from 8:00 am to 6:00 pm. She has been in business for one year and it is going very well for her. She is requesting this loan to buy milk, sugar, oil, and rice.
The member whose face is covered with a circle no longer belongs to the communal bank Señor de Huanca.
The other members are in business selling fabric, selling rugs, running a grocery store, and selling tires.
Guillermina wants to thank everyone who is a part of this dream by making these resources available. She promises to make her payments on time.
La socia es la Sra. Guillermina ella es casada y tiene 60 años y tiene 3 hijos; La socia trabaja en su negocio de tienda de abarrotes, la socia vende productos de primera necesidad como arroz,azúcar,leche y aceite, la socia tiene un puesto en el mercado que es una tienda de abarrotes, la socia trabaja desde las 8:00 a.m hasta las 6:00 p.m, la socia ya tiene 1 año en este negocio y le va muy bien, el sueño de la socia es ampliar el negocio de tienda de abarrotes. La socia solicita el crédito para comprar leche, azúcar, aceite y arroz.
La socia que esta tapada con un circulo su rostro ya no pertenece al banco comunal Señor de Huanca
Los otros socios se dedican al negocio de venta de tejidos, negocio de venta de alfombras, negocio de tienda de abarrotes y negocio de venta de llantas.
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 members belong to the “Señor de Huanca” communal bank located in Cusco District, Cusco Province and Department. Florentina is one of the members. She’s married, 51-years-old and has three children. She works in her business raising animals. She raises guinea pigs and has been in… More from Señor De Huanca 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
- 8 months (Additional Information)
- Repayment Schedule
- Dec 20, 2013
- Dec 27, 2013
- Currency Exchange Loss:
- Jul 17, 2014
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.