Santo Domingo Group
Carmela is 40 years old. She is single and has two children. She works at her book store. She sells writing implements, as well as school supplies such as pencils, notebooks, and books, among other items. She works from 8:00 am to 6:00 pm. Through her business she has been able to help her children get ahead. Her dream is to expand her book store. She is requesting the loan to purchase books, notebooks, mechanical pencils, and erasers.
The other members of the group sell beauty products, breakfast items, restaurant goods, and food.
Carmela is grateful to everyone who helps her achieve her dreams through the communal bank. She promises to make her loan payments on schedule.
La socia es la Sra. Carmela ella es soltera y tiene 40 años y tiene 2 hijos; La socia trabaja con su negocio de librería, ella vende artículos de escritorio y también vende útiles escolares como lápices, cuadernos, libros entre otros utiles, la socia trabaja desde las 8:00 a.m hasta las 6:00 p.m, por medio de este negocio la socia saca adelante a sus hijos, el sueño de la socia es ampliar el negocio de librería. La socia solicita el préstamo para comprar libros, cuadernos, lapiceros, libros y borradores.
Los otros socios se dedican al negocio de venta de productos de belleza, negocio de venta de desayunos, negocio de restaurant y negocio de venta de comida.
La socia agradece a quienes forman parte de este sueño mediante este medio y se compromete a cumplir con el pago de 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