Virgen De Las Mercedes Group
One member of the bank is Sr. Abdom. He is married and has two children. He works in agriculture and in construction, and he also has a car that he uses for transportation service in the city of Ollantaytambo. He raises various types of vegetables, such as carrots, tomatoes, and onions, and then he sells them in the market in Urubamba. He would like to have a shop where he could sell vegetables, and he would like to improve his fields. He is applying for the loan to buy fertilizers and seeds for his fields.
The other bank members raise animals, sell vegetables, sell meat, and sell chicha (traditional Andean corn beer).
This bank member is thankful to the people who form part of this dream through this means, and he promises to make his payments on schedule.
El socio es la Sr. Abdom; el es casado y tiene 2 Hijos; El socio se dedica a la agricultura, construcción y también tiene un carro que hace servicio hace la ciudad D. Ollantaytambo, el socio cultiva varios tipos D. verduras como zanahorias, tomates y cebollas y luego los venD. en el mercado D. Urubamba, el socio quiere tener una tienda para vender las verduras y le gustaría mejorar sus tierras D. cultivo. El socio solicita el préstamo para comprar fertilizantes y semillas para las tierras D. cultivo.
Los otros socios se dedican a la ganadería, venta D. verduras, venta D. carne, crianza D. animales, venta D. chicha.
El socio agradece a quienes forman parte D. este sueño mediante este medio y se compromete a 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