Kuska Llankasun De Rumichaca Baja. Group
The members of this community bank in the Rumichaca zone dedicate themselves to various activities such as farming, planting corn, potatoes, vegetables and others, depending on the season. Some members also dedicate themselves to handmaD. crafts, as well as the sale of simple candles for illuminating their homes. Yet other members raise poultry, cows, and dairy products.
These members give thanks for the help provided to them, as the area they live in doesn’t allow easy access to banking services for their financial needs. They are grateful for the loan provided, and are committed to repaying it in its entirety and in the time-frame allotted.
Los integrantes socios D. este banco comunal D. la zona D. Rumichaca, se dedican entre sus actividades domésticas a la agricultura, sembrando maíz, papa, hortalizas, entre otros productos y dependiendo a la época; también algunos socios se dedican a la artesanía, y algunas socias a la venta D. velas simples para el alumbrado D. su hogar, otras socias crían aves D. corral para su próxima venta, y animales vacunos y venta D. derivados.
Estos socios agradecen la ayuda prestada, puesto que la zona en la que ellos viven no cuentan con accesibilidad a la banca financiera justa y que se adecué a sus necesidades y a sus limitaciones, por lo que agradecen el préstamo otorgado y se comprometen el pago en su totalidad del préstamo adquirido en el plazo determinado.
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