Virgen De Las Mercedes Group
This group is made up of neighbors and friends who formed the communal bank "Virgen de las Mercedes” in the province of Urubamba, department of Cusco. This communal bank is composed of people who are always looking for opportunities to get ahead, and with their daily efforts to provide a better future for their children. The members' economic activities include, for example, agriculture and livestock raising.
All of the members are grateful for the opportunity provided, and they are committed to making their various payments on schedule.
Cusco is located in the district and province of Cusco, in the department of Cusco, at the very heart of the ancient city of the Incas. It is known as a touristic area, thanks to his archaeological sites, its historic city center, its landscapes, its history, and its character as an enchanting city of the country's southern region. Cusco is also known for its traditional festival of Inti Raymi, and because one of the seven wonders of the world is located there: Machu Picchu.
Este grupo está conformado por vecinos y amigos que formaron el banco comunal “Virgen de las Mercedes” en la provincia de Urubamba del departamento del Cusco. Este banco comunal está conformado por personas que buscan a cada momento las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos. Las actividades económicas de los socios son por ejemplo; Agricultura y ganadería.
Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos.
Cusco está ubicado en el distrito y provincia del Cusco del departamento del Cusco en pleno corazón de la antigua ciudad de los Incas y se caracteriza por ser una zona turística, por sus centros arqueológicos, por su centro histórico, por sus paisajes, por su historia y por ser una ciudad encantadora de la Región del Sur del país. Cusco es conocido también por su fiesta tradicional del Inti Raymi y porque se encuentra una de las siete maravillas del mundo “Machupicchu”.
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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