Nueva Esperanza Group
Nelly is 48 years old, married, and has three children from her marriage. She is a hard-working and responsible woman who gets her family ahead in life. Her business is renting out some bedrooms in her home. She has been in this business for three years and is doing very well. However, she needs this loan to expand her premises and do some maintenance work on her house.
The members of the 'Nueva Esperanza' community bank meet once a month, in the city of Cusco. The members of the bank are hard-working, entrepreneurial people who are always looking for opportunities to get ahead in life and who work hard every day in order to proviD. their children with a better future. Most of the members of this bank live in the city of Cusco and their businesses incluD. selling handicrafts, selling meals, selling food and selling cosmetics. Other members proviD. services.
Cusco is known for being a very touristy and commercial area. It is well known for its traditional Inti Raymi festival and for the fact that it is home to one of the seven Wonders of the World (Machu Picchu).
(The members who appear at the bottom of the photo arrived late to the community bank meeting).
L. señora Nelly tiene 48 años y es casada fruto D. esta unión tiene tres hijos, elL. es una madre trabajadora y responsable que saca adelante a su familia, elL. es L. administradora D. los dormitorios que alquiL. D. su domicilio. Ya son 3 años que tiene el negocio y le va muy bien pero en esta oportunidad Nelly requiere el préstamo para ampliar el local y para hacer mantenimiento D. L. casa.
Las reuniones D. las socias del Banco Comunal “Nueva Esperanza” son cada treinta días en L. ciudad del Cusco. El banco Comunal está conformado por personas que son trabajadores y emprendedores que buscan a cada momento las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos. L. mayoría D. los socios viven en L. ciudad del Cusco y sus actividades económicas D. los demás socios son por ejemplo venta D. artesanía, venta D. comida, venta comestibles, venta D. cosméticos y otros brindan servicios varios.
Cusco es conocido por ser una zona muy turística, comercial, por su fiesta tradicional del Inti Raymi y porque se encuentra una D. las siete maravillas del mundo “Machupicchu”. (Los socios que está en L. parte inferior D. L. fotografía llegaron tarD. a L. reunión del banco comunal).
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