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Happy Ayllu Group
In this Group: Alejandrina, Julia Consuelo, Rosa Hilda, Bertha, Marcia Eiko, Mario Kenji, Julio Mario, Rocio Ofelia, Evelin Yurico, Carlos Nicoll*, Orlando, Carmen, Angel
* not pictured

Update on Happy Ayllu Group

The member belongs to the communal bank HAPPY AYLLU; This bank is located in the district of Wanchaq, in the province of Cusco and department of Cusco.

The member is Rosa Hilda. She is 60 years old, a widow and has three children. The member combines her daily activities with the business of selling beauty products, such as creams, colognes, shampoos, perfumes, among other things. The member sells independently to her customers and has carried out this activity for years. It is going well thanks to the effort she makes and this enables her to get ahead.

The member requests this loan in order to buy stock such as cologne.

The other members make a living selling jumpers, beauty products, buying and selling cleaning products, teaching, and an independent administrator.

The member who has been added to the photo asked for permission to arrive late to the meeting due to work.

The member feels grateful for the loan provided and is committed to making all her established payments.
View original language description ↓
La socia pertenece al banco comunal HAPPY AYLLU; este banco está situado en el distrito de Wanchaq en la provincia de Cusco departamento de Cusco.
La socia Rosa Hilda, la socia tiene 60 años de edad, viuda y tiene 03 hijos, la socia alterna sus actividades diarias con el negocio de venta de productos de belleza como cremas, colonias, champús, perfumes entre otros, la socia vende de forma independiente a sus clientes que más le solicitan como amistades y familiares, la socia a la vez vende productos naturales que también lo vende de forma independiente, la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone a su negocio el cual mediante este la socia sale adelante.

La socia solicita el préstamo para la compra de mercaderia como colonias.

Los otros socios se dedican a la venta de chompas, venta de productos de belleza, compra y venta de productos de limpieza, profesor censante, docente, adminstrador independiente.

La socia que sale adjunta en la foto es socia que pidió permiso para llegar tarde a la reunión por motivos de trabajo.

La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

A group of neighbors and friends formed the “Happy Ayllu” communal bank in the district of Cusco. This communal bank has 13 members who seek at every moment opportunities to get ahead and with their daily efforts provide a better future for their children. The economic activities they carry out... More from Happy Ayllu Group's previous loan »

Additional Information

Important Information

About 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.

About Peru

  • $12,000
    Average annual income
  • 41
    View loans »
    Peru Loans Fundraising
  • $64,458,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Happy Ayllu Group's $4,700 loan helped a member to buy stock, such as colognes, to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 24, 2012
Sep 12, 2012
Currency Exchange Loss:
Jan 15, 2013