Llankasunchis De Lares Group
Señora Paulina lives with her partner and their two young daughters, who are 4 year old twins. She dedicates her to running her restaurant: she cooks in the restaurant and she has a cousin who helps her with serving the customers, clearing plates and other tasks. She would like in future to expand her little business and put in more tables, seats and utensils. She will buy some ingredients in bulk, such as cooking oil and potatoes among others, so that she has a good stock. She is seeking the loan to buy ingredients and food staples that she needs for her business.
The other members of the communal bank combine running their households with their small businesses: they sell maize, potatoes, small fish, dried potatoes, among other agricultural produce. Among the members there is also a grocery store, animal sales, and the sale of feed for guinea-pigs.
The group members Gregorio H. and Felipe S. are shown in a separate photo because they were given permission to miss the group meeting for work reasons. They work as porters on the Inka Trail. In the photo, the group members had just finished signing the loan documentation given to them by their loan officer, and the photo of Gregorio and Felipe was added to the group photo in order to have at least 80% of the group members pictured [which is a requirement of Kiva].
Señora Paulina is grateful and values the loan offered through this channel, and promises to complete her repayments on time in the established place.
La socia es la Sra. Paulina ; La socia es conviviente y tiene 2 menores hijas ellas son gemelas de 4 años, La socia se dedica a la atención de su restaurante, ella trabaja cocinando en su restaurante y tiene una prima que le ayuda con la atención al público en cuanto a llevar los platos y otras labores. La socia desea a futuro ampliar su pequeño negocio e implementar mas mesas, sillas y utensilios, La socia comprara algunos insumos como es el caso de aceite, papas al por mayor y otros para poder abastecerse. La socia solicita el préstamo para comprar insumos y víveres de primera necesidad para su negocio.
Los otros socios alternan sus actividades del hogar con el comercio minorista, ellos venden maíz, papa, morralla, chuño entre otros productos agrícolas, también tienen tienda abarrotes, venta de animales menores y venta de pasto para cuyes.
Los socios Gregorio H. y Felipe S., aparecen juntos aparte de sus compañeros de banco porque estaban con permiso por motivos de trabajo, ellos trabajan algunas veces como porteadores en el camino inka; aquí los socios terminaban de firmar los documentos que les entregó el asesor de grupo y se añadió la foto al grupo para completar el ochenta por ciento de los socios.
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