Nueva Luz De Pachaquillay Group
The members are involved in various commercial activities, such as: food sales, crafts sales, grain and cattle sales. Others provide services like home construction. The members who have businesses are worried because sales have declined due to the heavy rains that fell on Cusco for three days.
This caused many travelers to cancel their trips to Pachaquillay and now the members are trying to recuperate their losses.
Edgar is a member of the “Nueva Luz de Pachaquillay” communal bank. He is 31 years old, lives with his life partner, Yovana. They are eucalyptus tree merchants. He needs funding to buy more eucalyptus trees.
The members, in general, are grateful for the opportunity provided and pledge to repay in a timely fashion.
Edgar es socio del banco comunal “Nueva luz de Pachaquillay”, tiene 31 años de edad, es conviviente y su esposa se llama Yovana, ellos se dedican a la compra y venta de árboles de eucalipto. El socio requiere el préstamo para comprar más árboles de Eucaliptos.
Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos.
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