Sr. De Huanca Group
(Placida is raising her hand in the photograph.) The member Placida was born in the center of the village of Yanahuara and lives where she was born. She is forty years old and a mother and father to her three children. Placida's main economic activity is selling food and alcoholic drinks. She has a small business or restaurant where she sells food that is typical of the region, like pork cracklings, fried fish, suckling, roast guinea pig, and other foods. She also sells traditional corn liquor and beer. In this instance Placida needs this loan to buy supplies like maize (the basic ingredient to make traditional corn liquor), vegetables, meat, and other things.
Over all the members are thankful for the opportunity given to them and commit to fulfilling the payments of their different fees according to the established installments.
(La señora Placida está levantando la mano en la fotografía). La socia Placida nació en el centro poblado de Yanahuara y vive donde nació, tiene 40 años de edad, es madre y padre para sus tres hijos. Su actividad económica principal de Placida es la venta comida y bebidas alcohólicas, ella tiene una pequeño local o picantería donde expende comida típica de la región como por ejemplo chicharon, pescado frito, lechón, cuy al horno y otras comidas, también vende chicha de jora y cerveza. En esta oportunidad Placida requiere el préstamo para comprar insumos como por ejemplo jora (Ingrediente básico para hacer chicha), verduras, carne y otras cosas más.
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