Isabel, (the one with her hand up in the photo), lives in the city of Cusco. Cusco is a well-known tourist destination because of its traditional fiesta of the sun, “Inti Raymi” and because it is the stepping stone to one of the wonders of the world, “Machupicchu”.
Isabel tells us that she sells food. She has a restaurant where she serves breakfast, lunch and dinner. She opens at 7 in the morning and closes at 9 in the evening, Monday to Sunday. She’s been running this business for many years now and it’s going quite well. She is requesting this loan to buy more beer, soda and other ingredients she needs to prepare food.
Isabel is grateful for the opportunity she has been given through this Association and promises to make her payments on time.
La socia Isabel vive en la ciudad del Cusco (Cusco es conocido por ser una zona muy turística, comercial, por su fiesta tradicional del Inti Raymi y porque se encuentra una de las siete maravillas del mundo “Machupicchu”.). Isabel nos cuenta que se dedica a la venta de comida, ella tiene un restaurante donde expende desayuno, almuerzo y cena, ella abre el restaurante desde las 7 de la mañana hasta las 9 de noche de lunes a domingos. Ya son varios años que se dedica a este negocio y le va muy bien, ella en esta oportunidad requiere el préstamo para comprar más cerveza, gaseosas y otras cosas que se necesitan para preparar comida.
La socia Isabel se encuentra agradecida por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.
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