Manos Juntas Rumichaca Alta Group
These members are in their first stage with this communal bank. Their activities incluD. agriculture and livestock in addition to their usual domestic chores, and for most of them these activities have been passed down from generation to generation. They are requesting this loan so as to be able to buy their supplies for agriculture (seeds, corn, barley) and animal husbandry (young guinea pigs, poultry, cattle) and raw materials for those engaged in hand crafts (clay, machinery and such). The bank members are very grateful and send their regards. They are taking this loan very seriously and promise to fulfill their obligations to repay it according to schedule.
Estos socios están en su etapa inicial con este banco comunal, tienen entre sus actividades la agricultura, la ganadería y la artesanía, alternando sus actividades domésticas y en la mayoría D. los casos estás actividades son heredadas D. generación en generación, por lo que ellos requieren el préstamo, para poder comprar sus productos agrícolas (semillas, maíz, cebada), en la ganadería (animales menores cuyes, aves D. corral y animales vacunos), en cuanto a los que se dedican a la artesanía, requieren comprar materia prima (arcilla, maquinaría y otros).
Los socios del banco se encuentran muy agradecidos y expresan sus saludos, valorando este préstamo por lo que se comprometen a cumplir con sus obligaciones D. pago en el plazo programado.
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