Grupo 15 Group
The loan that the members will receive is appreciated very much and will allow 3 of the members to start up grocery stores (sugar, milk, flour, rice, etc.); 2 others to build houses; 2 members to open up a small cafeteria, 3 to buy parts and do maintenance on their public-transportation vehicles; 1 member to sell health products, 1 member needs a loan to be able to buy wood and make doors; and finally, 1 member needs the money for their children´s education. This last member does not appear in the photo for health reasons; he was in another city having his eyes operated on.
El préstamo que estos socios recieben es muy valorado, ya que les permitirá a 03 socias la implementación D. sus abarrotes (azúcar, leche, harina, arroz, etc, a otros 02 socios la construcción D. sus casitas, a 02 socios la apertura D. un cafetín, a 03 D. ellos comprar repuestos y hacer el mantenimiento D. sus vehículos D. trasporte público, 01 socia venderá productos D. salud, 01 socio necesita el préstamo para poder comprar madera y hacer puertas, finalmente 01 socio necesita el dinero para los estudios D. sus hijos, esté último socio no aparece en la foto que fuera tomada el día D. hoy, por tener permiso por salud, él está en otra ciudad operandose D. la vista.
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