Las Flores De Yanacona Group
Nicolasa is one of the members of the bank: she is 42 and has 3 children. She engages in breeding small animals as well as in a grocery store, and she also owns some land where she plants maize, potatoes and peas. She sells her animals and her crops in different fairs taking place in the Izcuchaca district, and in some occasions she also goes to the town of Cusco to sell them. She is requesting a loan to buy products for the grocery store and to buy small animals such as chickens and piglets.
The other members of the group engage in sowing, selling arts and crafts, clothes sale, carpentry, meat and small animals’ sale.
Nicolasa is thankful to those who will help making her dream come true through this loan, and she commits to comply with repaying her dues in the set time.
La socia es la Sra. Nicolasa; ella es casada y tiene 42 años y tiene 3 Hijos; La socia trabaja en crianza de animales menores y tiene una tienda de abarrotes y también tiene una pequeñas tierras de cultivo donde siembra maíz, papa y arvejas, sus animales menores y los productos que cosecha lo vende en las diferentes ferias que se realiza en el distrito de Izcuchaca y en algunas oportunidades lo lleva a vender a la ciudad de Cusco. La socia solicita el préstamo para comprar productos para la tienda de abarrotes y para comprar animales menores como pollos y chanchos.
Los otros socios se dedican la venta de artefactos, venta de ropa en el mercado, carpintería, venta de carne y animales menores, siembra.
La socia agradece a quienes forman parte de este sueño mediante este medio y se compromete a 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