Nuevo Amanecer La Rinconada Group
Las socias del banco comunal son mujeres trabajadoras y comparten sus actividades domésticas con dicha actividad, ellas viven en zona rural y aquí no existe la banca comercial por lo que valoran y aprecian mucho el crédito otorgado para la compra y venta de nuevos y mayor número de animales menores, para apoyar con este ingeso en su hogar, en la zona rural donde ellas viven nunca antes contaron con algún tipo de ayuda, por lo que no podían desarrollar su pequeños proyectos y no producian, esto generaba retrazo a la zona, ahora ellas tienen la oportunidad de incrementar su economía.
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