Sr. De Ccoyllority Cachimayo Group
The members alternate their work at home with businesses, mostly farming and raising livestock which they then sell, but other members operate groceries or sell cell-phone serices or footwear in Cusco's Paraiso shopping area. Still other members have a "loceria" [don't know--might be loncheria or snack bar] store where they sell pots, plates, drinking glasses and so on. Another group of members sells fresh milk straight from their own cows. One member owns a restaurant and 2 others operate taxi services. They need loans so that they can invest in their different businesses and continue to improve their economic well-being.
Our members are grateful for the help the loans offer them in a region where bank financing isn't widely available. They are committed to being disciplined about repaying the debt within the agreed-upon time.
Los socios alternan sus actividades del hogar con la ganadería y la agricultura en primer orden, después se dedican al comercio minorista, algunos socios tienen una tienda D. abarrotes, otros venden celulares y zapatos en el centro comercial paraíso en Cusco, otros socias tienen una tienda D. locería ellas venden ollas, platos, vasos y demás; otro grupo D. socias venden leche fresca que sus vacas producen, una tiene restaurante, y otros 2 socios trabajan brindando el servicio D. taxi. Para lo cuál requieren el préstamo para poder reinvertir en sus diferentes actividades y continuar con el progreso económico D. sus hogares.
Nuestros socios se encuentran muy agradecidos y valoran el apoyo prestado debido a que en este distrito la banca financiera es escasa, del mismo modo se comprometen a cumplir eficientemente y disciplinadamente con el pago D. sus deudas en el plazo estipulado.
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).
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