Virgen De La Candelaria – San Jeronimo Group
One member is Fortunata. She is a 58-year-old single woman and has six children. She has a business selling hand-made clothing. She sells hats, blankets, shawls and gloves. She sells her merchandise in various squares in the city of Cusco. She also makes income by selling fruit such as apples, oranges, bananas and grapes at wholesale, bringing these goods to places such as Puerto Maldonado.
She has had her clothing business for seven years. She dreams of having her own store where she can sell her merchandise. She is seeking this loan in order to buy hats, blankets, shawls and gloves.
The other members of the group have the following businesses:
- Raising animals
- Grocery store
- Book store
Fortunata thanks those who are helping to make her dream possible through this loan. She promises to repay her loan according to the agreed-upon schedule.
La socia es la Sra. Fortunata ella es soltera y tiene 58 años y tiene 6 hijos; La socia trabaja con su negocio de venta de artesanía, la socia vende gorros,mantas,chalinas y guantes, la socia vende en forma ambulatoria en una de las plazas de la ciudad de Cusco, la socia también se dedica al negocio de venta de fruta, ella vende manzanas,naranjas,platanos y uvas, ella vende al por mayor llevando a lugares como Puerto Maldonado, la socia ya tiene en su negocio de venta de artesanía 7 años, el sueño de la socia es tener un local donde pueda vender la artesanía. La socia solicita el préstamo para comprar gorros, mantas, chalinas y guantes.
Los otros socios se dedican al negocio de crianza de animales, negocio de tienda de abarrotes, negocio de venta de librería y negocio de albañil.
La socia agradece a quienes forman parte de este sueño mediante este medio y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.
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