Virgen Asunta Group
Margot has a small store in her home. She opens the store at 5:30 in the morning, and she closes at 9:00 at night every day. Margot tells us that she also buys and sells livestock on Fridays at the Sabatina D. Tablada Fair in the city of Iniquilla.
Margot needs the loan to buy more food like sugar, noodles, rice, and much more.
Examples of the business activities of some of the members are selling food, selling groceries, selling firewood, selling dried grains, making blocks for home construction, selling vegetables, and selling livestock and raising small animals. On the other hand, some of them proviD. services like rural transportation, working for the municipality, and building houses.
The Vigen Asunta Communal bank has been functioning for six years. It is comprised of 13 members. The members are hard-working and enterprising. Every minute of the day they look for opportunities to get ahead. With daily effort they look to give their children a better future.
The meetings of the communal bank are every 30 days in Margo’s house in the Hospitalpampa community.
Su actividad económica D. algunos D. los socios es por ejemplos; venta D. comida, venta D. comestibles, venta D. leña, venta D. granos secos, venta y fabricación D. bloquetas para construcción D. casas, venta D. verduras, venta D. ganado y crianza D. animales menores en cambio otros brindan servicios como por ejemplo transportes rural, empleados en la municipalidad y construcción D. casas.
El banco comunal “Virgen Asunta” ya tiene 6 años D. funcionamiento y está conformado por 13 socios. Los socios son trabajadores y emprendedores que buscan a cada momento las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos. Las reuniones del banco comunal son cada treinta días en la en la casa D. la socia Margot en la comunidad D. Hospitalpampa.
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