Señor Pan De Azucar De Sacllo Group
Basilia, a member of the Communal Bank, is single and has 3 kids. Basilia tells us with much pride that that she is getting ahead with her children, without the help of her partner. Basilia sells vegetables, breeds small animals and sells chicha (alcoholic drink made from fermented maize) made from jora (specially-prepared maize). Basilia is requesting the loan to buy more small animals and seeds.
The members are grateful for the opportunity they have been given and promise to meet their payments on schedule.
Basilia forma parte del banco comunal, es madre soltera y tiene tres hijos. Basilia nos cuenta con mucho orgullo que está sacando adelante a sus hijos sin ayuda de su pareja. Su actividad económica de Basilia es la venta de verduras, crianza de animales menores y venta de chicha de jora. En esta oportunidad Basilia requiere el préstamo para comprar más animales menores y semillas.
Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos.
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