Inti Raymi Group
María Rosa is 44 years old and has seven children. She is a responsible and loving person who pushes her family forward. She was born in the district of Challabamba and she lives in the same district where she was born. She sells basic necessity products like rice, sugar, beans, cooking oil, bread, sodas, water and other items. With this opportunity, María Rosa needs a loan so she can purchase sacks of rice and sacks of sugar. The members of her group are thankful for the opportunity given them and they promise to complete their re-payments within the established time frame. (The people who appear ar the bottom of the photo asked permission to not be at the meeting and we had to go to their homes to photograph them.)
(The community of Suchubamba is located in the Callabamba district in the province of Paucartambo in the department of Cuzco.)
María Rosa tiene 44 años de edad y tiene siete hijos, ella es una persona responsable y amable que saca adelante a su familia, ella nació en el distrito de Challabamba y vive en el mismo distrito donde nació, ella se dedica a la venta de productos de primera necesidad como por ejemplo arroz, azúcar, fideos, aceite, pan, gaseosas, agua y otras cosas. En esta oportunidad María Rosa requiere el préstamo para comprar sacos de arroz y sacos de azúcar. Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos. (Las personas que aparecen en la parte inferior de la fotografia pidieron permiso para no estar en la reunion y tuvimos que buscarles en sus domicilios).
(La comunidad de Suchubamba está ubicado en el del distrito de Challabamba dentro de la provincia de Paucartambo del departamento del Cusco).
More information about this loan
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