The members belong to the communal bank “LAS ABEJITAS DE QQUEUÑA” from the Arariwa association. They live in the community of Queñua in the district of Huancarani in the province of Paucartambo in the southern city of Cuzco.
Elena is 23 years old and she raises animals for example pigs, guinea pigs and chickens, cattle breeding and making handicrafts. It’s been several years now that Elena has been working in this business and it’s going very well for her.
At this time, Elena is asking for a loan to purchase work material such as wools.
The rest of the members work in: cattle breeding, selling food, small animal breeding, making handicraft and others provide professional services. The members are grateful to those who are part of this dream. The member is committed to make her repayments within the agreed period.
Los socios pertenecen al banco comunal “LAS ABEJITAS DE QQUEUÑA” de la Asociación Arariwa y viven en la comunidad de Queñua en el distrito de Huancarani de la provincia de Paucartambo al sur de la ciudad del Cusco. Elena tiene 23 años de edad y se dedica al negocio de crianza de animales por ejemplo chanchos,cuyes y pollos, a la ganadería y elaboración de artesanía. Ya son varios años que Elena se dedica a este negocio y le va muy bien. Elena en esta oportunidad requiere el préstamo para comprar materiales de trabajo como por ejemplo lanas. Los demás socios se dedican a la ganadería, a la agricultura, a la venta de comida, crianza de animales menores, elaboración de artesanía y otros brindan servicios profesionales. Los socios agradecen 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
About 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.