During this meeting we meet Lily who lives in the beautiful city of Cusco and has three children. She is a housewife and a mother who is noted as being a responsible, kind and hard-working person. Because of these qualities, her friends invited her to become a member of their community bank. Lily was born in the city of Langui, in Canas province, in Cusco department. She is a teacher but, in her spare time, she makes sweaters from alpaca wool. She has a small workshop in her home with the basic tools she needs. She has been in this business for 20 years now and her business is doing very well. On this occasion, she needs a loan to buy more materials such as yarn and thread.
Lily is 50 years old. She is a person who has a great desire to improve herself and have a successful business as she would like to provide her family with the best.
En esta reunión conocimos a la señora Lily que vive en la hermosa ciudad del Cusco y tiene tres hijos. Es ama de casa y es una madre se caracteriza por ser una persona responsable, amable y trabajadora y por tener estas cualidades sus amigas le invitaron a participar en el banco comunal. Lily nació en la ciudad de Langui de la provincia de Canas del departamento del Cusco. Lily es profesora pero en sus horas libres se dedica a la fabricación de chompas de lana de alpaca, ella tiene un pequeño taller implementado en su domicilio con las herramientas básicas. Ya son 20 años que se dedica al negocio y le va muy bien. Ella en esta oportunidad requiere el préstamo para comprar más materiales como por ejemplo lana y hilos. Ella tiene 50 años de edad, es una persona con muchas ganas de superarse y tener un negocio exitoso día con día, siempre con el deseo de brindarle lo mejor a su familia.
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