Señor De Huanca De Cusco Group
During this meeting, we meet Margarita who lives in the beautiful city of Cusco and has five children. She is a housewife and a mother who is noted for being responsible, kind and hard working. Because of these qualities, her friends invited her to become a member of their community bank.
Margarita was born in the city of Cusco, in Cusco department. She tells us that, since she was young, she worked washing clothes. She did this work by hand and she washed the kits of the players from Cusco's soccer team "Cienciano". However, Margarita know how to save and, with the little capital that she had, she opened a restaurant which she called 'El Burrito Amigable' (The Friendly Donkey). She has owned her small restaurant for 12 years now and it is doing very well thanks to the effort that she puts into her business.
On this occasion, Margarita needs a loan to buy more supplies such as rice, noodles and sugar. She is 67 years old and a person who has a great desire to improve herself and have a successful business so that she can proviD. her family with the best.
En esta reunión conocimos a la señora Margarita que vive en la hermosa ciudad del Cusco y tiene cinco hijos. Es ama D. casa y es una madre se caracteriza por ser responsable, amable y trabajadora y por tener estas cualidades sus amigas le invitaron a participar en el banco comunal. Margarita nació en la ciudad D. Cusco del departamento del Cusco. Margarita nos cuenta desD. muy joven trabajo como lavandera D. ropa y lo hacía a mano pero ella lavaba la ropa D. los jugadores D. futbol del equipo representativo D. la ciudad del Cusco “Cienciano”. Pero Margarita supo ahorrar y con el pequeño capital que tenia abrió un restaurante que lo bautizo con el nombre D. “El Burrito Amigable”. Ya son 12 años que tiene el pequeño restaurante y le va muy bien gracias al empeño que pone en su negocio. Ella en esta oportunidad requiere el préstamo para comprar más insumos como por ejemplo arroz, fideos y azúcar. Ella tiene 67 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