Reyna Del Carmen Group
Mr. Américo is the member. He is 35 years old and married. He studied in an auto mechanics institute. He works in his own shop that he designed by himself. He would like to improve his place and buy some new work tools and paint for automobiles. He fixed up his shop on a low budget, but he would like to improve it little by little.
The other members are teachers, artisans, or manage stores or shoe shops. Another member is a music teacher, one sells chocolates, one is a taxi driver, and another is a bricklayer.
He values and appreciates the loan that has been provided to him, and he promises to make his payments on time.
El socio es él Sr. Américo, el tiene 35 años D. edad, es casado y estudió en un instituto mecánica automotriz; el socio trabaja en su propio taller que él mismo diseño, a él le gustaría mejorar su local y comprar algunas herramientas nuevas D. trabajo y pintura para autos, él socio acomodo con presupuesto bajo su taller pero le gustaría mejorarlo poco a poco. El socio solicita el préstamo para invertir en su taller y comprar herramientas nuevas y pintura para autos.
Los otros socios son docentes, artesanos, administradores D. tiendas y zapatería, otra socia es docente D. música y otra venD. chocolates, otro socio es taxista y otro es albañil.
El socio agradece y valora el préstamo otorgado mediante este medio y del mismo modo se compromete en cumplir con el pago D. sus cuotas en el plazo establecido.
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