Santo Domingo Group
The member is Mrs. Edid. She is 41 years old, a single mother, with 2 children, 14 and 16 years of age. She has been employed by the tourist restaurant Keros for the last 5 years. She is requesting a loan to open her own business. She believes it is good luck not to make her project public until it starts. She has saved some capital to realize this dream, and the funds she is requesting now will be very helpful to her in increasing this capital. This loan is for her own personal project.
The other members work in pharmacy, handicrafts, taxi service, teaching, food sales, breakfast food sales, and grocery sales.
The member appreciates and values the loan received through this process, and also agrees to comply with the repayment plan.
La socia es la Sra. Edid, ella tiene 41 años de edad, es madre soltera; y tiene 2 hijos de 16 y 14 años de edad; La socia se dedica a trabajar de empleada en un restaurante turístico de nombre Keros desde hace 5 años; La socia solicita el préstamo para apertura de un nuevo negocio propio, La socia tiene como cábala no hacer público su proyecto del negocio propio hasta que salga el proyecto. La socia a ahorrado un capital para realizar este sueño y a esto le servirá de mucha ayuda para aumentar a su capital final el crédito que ahora solicita. La socia solicita el préstamo para realizar un proyecto propio.
Los otros socios se dedican a la atención de una botica, artesanía, moto taxi, docentes, venta de comidas, venta de desayunos, a la venta de abarrotes.
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