Update on Qorilazo GroupThese memberes belong to the communal bank Qorilazo, which is located in the district, province, and department of Cusco.
Estefa is one of this communal bank's members. She is 36 years old, single, and has one child. She works at her business, which is a grocery store where she sells basic staples like rice, sugar, milk, and oil. She works from 8:00 am to 6:00 pm. She has been in this business for one year and it is going very well. Her dream would be to expand her grocery store. She is requesting this loan to buy milk, sugar, oil, and rice.
She is grateful to everyone who makes this dream possible by making these resources available. She promises to comply with all her repayments terms.
The other members do business selling fruit, selling food, and running grocery stores and restaurants.
La socia es la Sra. Estefa ella es soltera y tiene 36 años y tiene 1 hijo; 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 6:00 p.m, la socia ya tiene 1 año 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 frutas, negocio de comida, negocio de tienda de abarrotes y negocio de restaurant.
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.
Previous Loan DetailsThese are members of the “QORILAZO” communal bank, located in the Cusco district, province, and department. Vicentina is single. She is 27 years old, has a son, and sells food. She has a restaurant and prepares dishes such as baked chicken, soups and meat with rice, and works from 8:00 am to... More from Qorilazo Group's previous 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).
Concurrent and Successive Loans
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