Cusco Sur Group
Mrs. Maria Elena is 33 years old and is single with three children. She works selling flowers and handcrafts. She has a small stand in a market called Cascaparo in an area in the city of Cusco where they sell flowers. Independent of this work she makes and sells earrings. She works from 7:00 a.m. until 5:00 p.m. and through these small businesses help her proviD. for her children. She hopes to grow her business. She is applying for the loan in order to purchase flowers and the materials to make earrings. The other members have a variety of businesses such as selling flowers, restaurants, convenience store, handcrafts store, cosmetics store, and earrings.
Maria Elena is thankful for those who help her fulfill her dreams through this opportunity and she promises to make her payments on time.
La socia es la Sra. María Elena; ella tiene 33 años D. edad y es soltera y tiene 3 hijos; La socia se dedica a la venta D. flores y también se dedica a la venta D. artesanía, ella tiene un pequeño puesto en el mercado llamado Ccascaparo en el distrito D. la ciudad D. Cusco donD. venD. las flores y en forma independiente también hace aretes y los venD., la socia trabaja desD. las 7:00 a.m hasta las 5:00 p.m y por medio D. estos pequeños negocios saca adelante a sus hijos, la socia quiere ampliar su negocio. La socia solicita el préstamo para comprar flores y comprar materiales para hacer los aretes.
Los otros socios se dedican a la venta D. flores, restaurant, tienda D. abarrotes, artesanía, venta D. productos D. belleza y producción D. aretes.
La socia agradece a quienes forman parte D. este sueño mediante este medio y se compromete a cumplir con el pago D. 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