Señor De Huanca Milagroso Group
Update on Señor De Huanca Milagroso GroupThese communal bank members belong to the "Señor de Huanca Milagrose" communal bank. This bank is located in the district of Cusco, which is in the province and department of Cusco.
One bank member is Señora Rosana. She is 44 years old, lives with her partner, and has 1 son. She works in her business of selling handicrafts. She sells blankets, textiles, and caps, among other handicrafts. She distributes to the various stores where they sell handicrafts. She sells from 8 am to 6 pm. She has been working in this business for 10 years, and it is going very well for her, and she can raise her child. Her dream is to expand and have a shop where she can have handicrafts. She is applying for the loan to buy textiles, blankets, and caps wholesale.
The picture of the bank member in the corner of the group photo was taken after the photo because she asked to be excused for work reasons.
The other bank members work in businesses of selling groceries, selling wine, selling fruit, and a restaurant.
The bank member thanks those who form part of her dream by this means, and she promises to make her payments on the established schedule.
La socia es la Sra. Rosana ella es conviviente y tiene 44 años y tiene 1 hijo; La socia trabaja en su negocio de venta de artesanía, la socia vende mantas,textiles,gorros entre otras artesanías, la socia distribuye a las diferentes tiendas donde vende artesanías, la socia vende desde las 8:00 a.m hasta las 6:00 p.m,la socia se dedica a este negocio 10 años y le va muy bien y puede sacar adelante a su hijo, el sueño de la socia es ampliar y tener un local donde pueda tener la artesanía. La socia solicita el préstamo para comprar textiles, mantas y gorros al por mayor.
La socia que esta pegada 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 tienda de abarrotes, negocio de venta de vinos, negocio de venta de frutas 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 Communal Bank “Señor de Huanca Milagroso”, which is located in the District, Province, and Department of Cusco. Sra. Rosana is one of the members who is 44 years old, single, and has one child. She works in her handicraft business where she sells sweaters, gloves,... More from Señor De Huanca Milagroso 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
- Sep 21, 2012
- Oct 9, 2012
- Currency Exchange Loss:
- Apr 17, 2013
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.