Santa Catalina De Sillacancha Group
Gabriela, like the rest of the group members, is asking for a loan in order to invest it it the purchase of seed for her crops and also to buy small animals such as guinea pigs, chickens and pigs. All the group members are very grateful to Kiva for helping them to consolidate their business. Gabriela is wearing a lime-green jumper, at the centre left of the group photo. She belongs to the communal bank “Santa Catalina de Sillacancha,” from the district of Sillacancha of the province of Calca del Cusco – Perú.
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