Las Hormiguitas Group
At this meeting we met Señora Paulina who lives in the beautiful city of Cusco and has eight children, but all of them are independent. Since her youth, she has been known for being a responsible person, kind and hardworking, and that is why her neighbors invited her to participate in the communal bank. Paulina is dedicated to the sale of various natural fruit jams, she prepares them in her home and packages them in good quality containers. At this time she is requesting a loan to buy more ingredients such as sugar, honey, fresh fruit and other additional items. She is 73 years old, and is a person eager to excel and have a successful business every day, always with the desire to proviD. the best to her family.
En esta reunión conocimos a la señora Paulina que vive en la hermosa ciudad del Cusco y tiene ocho hijos pero que todos ya son independientes. DesD. joven se caracterizo por ser una persona responsable, amable y trabajadora y por ese motivo sus vecinas le invitaron a participar en el banco comunal. Paulina se dedica a la venta D. mermeladas D. diferentes frutas naturales, ella misma los prepara en su domicilio y los envasa en recipientes D. buena calidad. Ella en esta oportunidad requiere el préstamo para comprar más insumos como por ejemplo azúcar, miel, frutas frescas y otras cosas más. Ella tiene 73 años D. edad, es una persona con muchas ganas D. superarse y tener un negocio exitoso día con día, siempre con el deseo D. brindarle lo mejor a su familia.
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