The group members belong to Asociación Arariwa's "La Nueva Semilla" ("The New Seed") village bank in the city of Cusco. Leonarda lives in the beautiful city of Cusco and serves as both mother and father for her three children. She is 48 years old and works selling fruit, such as apples, bananas, papayas, grapes, oranges and pineapples, among others. She has been in this business for a number of years, and does quite well thanks to her hard work. Leonarda is requesting a loan to buy more fruit.
The other group members work selling fruit, land, guinea pigs, traditional local clothing, chocolate, and drafting house plans.
The group members are grateful to those who are supporting this dream and are committed to make all of their payments within the established time frame.
Los socios pertenecen al banco comunal “La Nueva Semilla” y pertenecen a la Asociación Arariwa de la ciudad del Cusco. Leonarda vive en la hermosa ciudad del Cusco y es madre y padre para sus tres hijos, ella tiene 48 años de edad y se dedica a la venta de frutas como por ejemplo manzanas, plátanos, papayas, uvas, naranjas, piña y otros mas. Ya son varios años que se dedica a este negocio y le va muy bien gracias al esfuerzo de su trabajo. Leonarada en esta oportunidad requiere el préstamo para comprar mas frutas.
Los otros socios se dedican al negocio de venta de frutas, venta de terrenos, venta de cuyes, venta de trajes típicos de la región, elaboración de planos de casas y venta de chocolateria.
Los socios agradecen a quienes forman parte de este sueño mediante este medio y se comprometen a cumplir con el pago de sus cuotas en el plazo establecido.
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.