Update on Amancaes GroupThe community bank, "AMANCAES," (whose members are pictured above) is located in the Wanchaq district in the province and department of Cusco.
Vilma is a member of the community bank, and is 52 years old. She has two children, and she operates a hostel located in the center of the city. Thanks to her hard work, business is going well. Vilma also sells tourism packages, including tour options for: the city of Cusco, the Sacred Valley, and other popular destinations that her guests request. Vilma is a responsible, earnest person who is a teacher by profession, and who is motivated to support her family and to provide a better life for them.
Vilma plans to use the support from this loan to purchase a pair of beds for her hostel.
The other group members work in various trades, including: tourism, teaching, accounting, dentistry and music.
The group members who appear in the separate, smaller photos are those who had to arrive late to the meeting on the day the group photo was taken. The woman whose face is covered by a white oval is not a member of the community bank.
Vilma is very grateful for the support she has received, and promises to make all scheduled loan repayments on time.
La socia Vilma, la socia tiene 52 años de edad, casada y tiene 02 hijos, la socia alterna sus actividades diarias con el negocio de hostal, la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone a su negocio, su hostal se encuentra ubicado por el centro de la ciudad a la vez la socia vende paquetes turisticos como city tours,valle sagrado entre otros a sus huespedes que le solicitan,la socia es una persona responsable y empeñosa siendo de esta manera que la socia saca adelante a su familia,a la vez la socia es docente de profesión, ella trabaja y administra su negocio siendo de esta manera que la socia saca adelante a su familia.
La socia solicita el préstamo para la compra de un par de camas para su hostal.
Los otros socios se dedican al negocio de llamadas locales, turismo, profesionales como profesores, contadora, terramoza, odontóloga, músico.
Los socios que salen en la foto adjunta son socios que pidieron permiso para llegar tarde a la reunión por motivos de trabajo y la socia que sale con la cara tapada no pertenece al banco comunal.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsThis member belongs to communal bank "AMANCAES". This bank is located in the Huanchac district, Cusco province, and Cusco department. Mr. Roberto is 53 years old, married, and has 1 child. He is a professor and teaches in the Porvenir Academy. He teaches tourism and foreign language courses... More from Amancaes 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