San Antonio De Padua-San Salvador Group
The featured borrower is Lourdes, who is a 52-year-old widow. She works in her grocery shop, from 8am until 9pm, selling essentials such as rice, sugar, milk and oil. She has been running her business for 2 years and is successful in it. Her ambition is to extend her grocery shop. She is applying for the loan to buy milk, sugar, oil and rice.
The businesses run by the other group members involve selling meat, livestock and groceries and dressmaking.
Lourdes is grateful to those who are helping her to achieve her ambition in this way and she guarantees that she will make her repayments within the set time.
La socia es la Sra. Lourdes ella es soltera y tiene 52 años; La socia trabaja en su negocio de tienda de abarrotes, la socia vende productos de primera necesidad como arroz, azúcar, leche y aceite, la socia trabaja desde las 8:00 a.m hasta las 9:00 p.m, la socia ya tiene 2 años en este negocio y le va muy bien, el sueño de la socia es ampliar el negocio de tienda de abarrotes. La socia solicita el crédito para comprar leche, azúcar, aceite y arroz.
Los otros socios se dedican al negocio de venta de carne, negocio de venta de crianza de animales, negocio de tienda de abarrotes y negocio de confección de ropas.
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.
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