Sumac Maki Group
Update on Sumac Maki GroupThe Sumac Maki community bank is located in the Cusco district, in the province and department of Cusco.
Nely is a member of the group. She is 52 years old and has three children. She works at her business selling crafts. She makes knitted items such as sweaters and gloves and sells them to different stores where they sell crafts. She works from 8:00am until 7:00pm. She has done this work for many years and it is going very well. Her dream is to expand her business selling crafts. She is requesting this loan to purchase bleached wool and knitting needles.
The members attached to the group photo took their photo after the meeting because they requested permission for work reasons. The person who has their face blanked out does not belong to the Sumac Maki community bank.
The other group members work selling clothing, selling crafts, and have a grocery store and a restaurant. They are grateful to everyone who is a part of this dream and promise to make their payments according to the established schedule.
La socia es la Sra. Nely ella es casada y tiene 52 años y tiene 3 hijos; La socia trabaja en su negocio de venta de artesanía, la socia realiza tejidos como chompas y guantes y los vende en los diferentes tiendas donde venden artesanía, la socia trabaja desde las 8:00 a.m hasta las 7:00 p.m,la socia ya tiene varios años en este negocio y le va muy bien, el sueño de la socia es ampliar el negocio de venta de artesanía. La socia solicita el crédito para comprar lanas de colares y palitos de tejer.
Las socias que estan pegadas a la foto grupal se les tomo la foto despues de la reunion porque pidieron permiso por motivos de trabajo.
La persona que sale con la cara tapada no pertenece al banco comunal Sumac Maki.
Los otros socios se dedican al negocio de venta de ropa, negocio de venta de artesanía, 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 DetailsThese members belong to the group called “Sumac Maki” which is located in the District, Province, and Department of Cusco. Sra. Katia Marilyn is 32 years old, single, and has two children. She works in her own crafts business where she makes articles out of wool such as scarves, sweaters, an... More from Sumac Maki 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