The group has 10 members who make a living raising livestock and farming. They buy and sell cattle and smaller animals and keep birds. They buy young animals, then fatten and breed them so that they can sell what the animals produce for a higher return. They also work at farming, spending more or less time at it depending on the time of year. They still work the land in the traditional way, planting maize, various kinds of potatoes, green vegetables, barley, wheat and other products. They need the loan so that they can buy cattle and some smaller animals, along with seeds to sow their fields.
Our members are very grateful for the help that the receive and are committed to repaying the loan within the agreed-upon time.
Estos socios son un grupo de 10 miembros, alternando sus diferentes actividades y dedicados principalmente a la agricultura y a la ganadería, ellos compran y venden todo tipo de ganados vacunos y animales menores, aves de corral, ellos los compran muy tiernos y los hacen engordar y reproducir, de este modo ellos pueden vender sus derivados y vender la producción a mayor precio, por otro lado y dependiendo a los meses, ellos siguen dedicados a la agricultura, trabajan aún en forma arcaica las tierras, sembrando, maíz, diferentes variedades de papa, verduras, cebada, trigo y otros productos; para lo cuál ellos requieren el préstamo para poder comprar ganados y algunos animales menores, también unas semillas para la siembra de sus tierras.
Nuestros socios se encuentran muy agradecidos y valoran el esfuerzo realizado mediante este medio comprometiéndose así con cumplir en forma disciplinada con el pago total de sus préstamos en las fechas establecidas.
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