Fraternidad De Urubamba Group
This group is made up of neighbors and friends that formed the “Fraternidad de Urubamba” Communal Bank in the Urubamba province, Cusco department. This communal bank is a made up of people that are always looking for opportunities to get ahead and strive daily to provide their children with a better future. The members’ business activities include sales of fruit and vegetables, “chicha de jora” (a beverage made from corn), hot drinks, straw, and meals, as well as the building and sales of furniture, and transportation and security services. The members are grateful for the opportunity provided and are committed to making their respective payments according to the established terms.
Este grupo está conformado por vecinos y amigos que formaron el banco comunal “Fraternidad de Urubamba” 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; venta de verduras y frutas, venta de chicha de jora, venta de bebidas calientes, venta de paja, venta de comida, elaboración y venta de muebles y otros brindan servicio de trasportes y de seguridad.
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