Señor De Wimpillay Chocco Group
We met Isabel at the meeting. She told us that she lives in Cusco’s Wimpillay neighborhood with her spouse and three children. Since a very young age she distinguished herself by being a very responsible and kind person and because of this her neighbors invited her to participate in the communal bank.
Isabel has a small grocery store at home where she sells items at accessible prices to her customers. On this occasion, she needs the loan to buy more merchandise to stock her store and have different basic need items on hand, for example, jars of milk.
She is 43 years old and is a person with a strong desire for self improvement and to have a business that succeeds every day always with the intention of providing the best for her family. Her dream is to see her children become professionals.
En esta reunión conocimos a la señora Isabel y nos cuenta que vive en el barrio de Winpillay de la ciudad del Cusco junto con su pareja y sus tres hijos. Desde joven se caracterizo por ser una persona responsable y amable y por ese motivo sus vecinas le invitaron a participar en el banco comunal. Isabel tiene una pequeña tienda de comestibles en su domicilio donde vende sus productos a costos accesibles para sus clientes. Ella en esta oportunidad requiere el préstamo para comprar más mercadería así poder abastecer su tienda y surtir de diferentes productos de primera necesidad como por ejemplo leche en tarros. Ella tiene 43 años, es una persona con muchas ganas de superarse y tener un negocio exitoso día con día, siempre con el deseo de brindarles lo mejor a su familia. El sueño de la socia es ver profesionales a sus hijos.
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