Santa Catalina De Sillacancha Group
This bank is made up of seven women and five men who are mainly farmers. This area has a hot climate and is fertile, where the main crops are corn, potato, vegetables and such, as well as a variety of fruit. The members of the bank will invest the loan in the purchase of fertilizers and products such as seeds for the new sowing season, before working the soil so the fields can be resown. Many of them are also merchants: they bring their fruits and vegetables to different places in the region as well as making delicious marmelades from their fruit, without the use of preservatives. They make 100% natural products.
The members value and are grateful for the loan: because they are in the countryside they do not have access to traditional banks. They are committed to repaying the loan on schedule and have pledged their support to the members who want to progress.
Este banco está conformado por 07 mujeres y 05 varones, quienes se dedican principalmente a la agricultura, está zona posee un clima cálido y fértil; en la que se cultiva entre los productos de maíz, papa, hortalizas, y otros, diversidad de frutas, las socias del banco invertirán el préstamo otorgado en la compra de fertilizantes y compra de productos como las semillas para la nueva temporada de sembrío, previo al trabajo de tierras para poder ser cultivadas nuevamente; muchas de ellas son también comerciantes, llevan sus verduras y frutas a diferentes lugares de la región, también elaboran riquísimas mermeladas de pulpa de frutas, sin utilizar conservantes, son productos 100% naturales.
Las socias valoran y agradecen el préstamo otorgado, ya que en estás zonas rurales, no se adquiere a la banca financiera de forma menos compleja; por lo tanto ellos se comprometen a la devolución del mismo en el plazo estipulado y reiteran su apoyo a estos socios con deseos de superación.
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