Amigos Emprendedores Group
Ana Sofia is 43 years old, single, and has 4 children. Her business is selling books. She has a mobile stall from which she sells books, both fiction and non-fiction. She would like to expand and improve her book business. She is requesting this loan so that she can buy books wholesale.
The other members of the group sell candy, beauty products, books and groceries.
Ana Sofia is happy to be receiving this loan and pledges to make her repayments on time.
La socia es la Sra. Ana Sofia; ella tiene 43 años D. edad y es soltera y tiene 4 Hijos; La socia tiene un negocio D. tienda D. venta D. libros, ella tiene un puesto D. venta D. libros en forma ambulatoria, ella venD. libros, cuentos y libros D. aprendizaje, la socia quiere ampliar y mejorar el negocio D. venta D. libros. La socia solicita el préstamo para comprar libros al por mayor.
Los otros socios se dedican a la venta D. golosinas, venta D. productos D. belleza, venta D. libros y tienda D. abarrotes.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos D. su cuota.
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