Señor De Huanca Group
Update on Señor De Huanca GroupA group of neighbors and friends formed the “Señor de Huanca” communal bank in the city of Cusco. This communal bank is made up of people that are always looking for opportunities to get ahead, and with their daily efforts they bring about a better future for their children. For example, the partners' businesses are: knitting and crocheting, the sale of guinea pigs and hens, providing laundry service, the creation of educational material, the creation of clothing patterns, grocery sales, providing educational services, artisanal crafts, and others.
Gabriela was born in the Province of Espinar but now lives in the province of Cusco. She is 73 years old, is married, and her seven children are the fruit of this beautiful relationship. Gabriela’s primary business is knitting, and she has a small workshop in her home. At this opportunity Gabriela requires a loan to buy wool and thread.
The partners as a whole are thankful for the opportunity provided and are committed to complying with the payments of their different quotas in the periods established. Cusco is located in the district and province of Cusco, in the department of Cusco in the heart of the ancient city of the Incas, and it is characterized by being a tourist area due to its archeological centers, its historical center, landscapes, history, and because it is a charming city in the southern region of the country. Cusco is known for being a very touristy and commercial area, for its traditional feast of the Inti Raymi and because one of the seven wonders of the world is found there, “Machu Picchu.”
Gabriela nació en provincia de Espinar pero ahora vive en la provincia de Cusco, ella tiene 73 años, es casada y fruto de esta hermosa relación tiene siete hijos. Su actividad económica principal de Gabriela es la elaboración de tejidos y tiene un pequeño taller en su domicilio. En esta oportunidad Gabriela requiere el préstamo para comprar lanas e hilos.
Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos. Cusco está ubicado en el distrito y provincia del Cusco del departamento del Cusco en pleno corazón de la antigua ciudad de los Incas y se caracteriza por ser una zona turística por sus centros arqueológicos por su centro histórico por sus paisajes por su historia y siendo una ciudad encantadora de la Región del Sur del país. Cusco es conocido por ser una zona muy turística, comercial, por su fiesta tradicional del Inti Raymi y porque se encuentra una de las siete maravillas del mundo “Machupicchu”.
Previous Loan DetailsThis member [José] belongs to the communal bank "Señor De Huanca"; This communal bank is located in the district of Wanchaq in the province of Cusco, department of Cusco. Jose is 48, married and has 2 children. He alternates his daily activities with his job as a teacher. For some time he has... More from Señor De Huanca 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