The member, Mrs. L., is 33 years old and single. She manages a dental office located on Tullumayu Street. She would like to buy instruments for the office and is requesting a loan to invest in the dentist office.
The other members are teachers, accountants, a secretary and an administrator. Most of them will invest in their other businesses, such as selling cosmetics by catalog at their institutions, car maintenance, setting up an internet cafe at home.
This member is grateful for and appreciates the loan and promises to meet the payment of installments on time.
La socia es la Sra. L., ella tiene 33 años de edad, es soltera; La socia se dedica a administrar su consultorio odontológico, situado en la calle tullumayu, La socia desea comprar instrumentos para implementar su consultorio. La socia solicita el préstamo para invertir en su consultorio odontológico.
Los otros socios son docentes, contadores, secretaria y administrador, en su mayoría ellos invertirán en sus negocios anexos como venta de cosméticos por catálogos en sus instituciones, mantenimiento de autos, implementar internet en casa. .
La socia agradece y valora el préstamo otorgado mediante este medio y del mismo modo se compromete en cumplir con el pago de sus cuotas en el plazo establecido.
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