Señor De Huanca De Cusco Group
Update on Señor De Huanca De Cusco GroupThese members belong to the communal banking group "SEÑOR DE HUANCA DE CUSCO" which is located in the city and district of Cusco, Peru.
One of the members, Margarita, is 70, single and has five children. She runs a restaurant business and prepares different dishes such as chicken with potatoes, soups and meat stir-fry. Her work schedule is from 10:00 a.m. to 10:00 p.m. and she has been in business successfully for eight years. Her dream is to expand her restaurant and she is requesting a loan to buy cooking ingredients such as chicken, meat and vegetables.
The individual photograph of one of the members was taken after the group photo for work-related reasons.
The other members are involved in businesses such as blanket sales, animal farming, a grocery store and food sales.
Margarita is grateful to everyone taking part in her dream. She is committed to paying back the loan on time.
La socia es la Sra. Margarita ella es soltera y tiene 70 años y tiene 5 hijos; La socia trabaja en su negocio de restaurant, la socia prepara diferentes platos como pollo con papas, sopas y saltados de carnes, la socia trabaja desde las 10:00 a.m hasta las 10:00 p.m, la socia ya tiene 8 años en este negocio y le va muy bien, el sueño de la socia es ampliar el negocio de restaurant. La socia solicita el crédito para comprar productos para cocinar como pollo, carne y verduras.
El socio que esta pegado a la foto grupal se le tomo despues la foto porque pidio permiso por motivos de trabajo.
Los otros socios se dedican al negocio de venta de frazadas, negocio de crianza de animales, negocio de tienda de abarrotes y negocio de venta de comida.
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 women belong to the communal banking group "SEÑOR DE HUANCA." This group is located in the city and district of Cusco, Peru. The borrower asking for this loan is Damiana. She is single, 69 years old, and has two children. Damiana has her own restaurant, where she prepares different meals… 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