Milagros is 25 years old and was born in the city of Cusco. She is an independent graphic designer and has various clients that ask for her work because it is of good quality. She is a member of the communal bank “Ñaupasunchis” in the city of Cusco. At this time, she requires the loan to buy work materials such as paper, ink, specialty papers and other things. She is happy for the loan and promises to make her payments.
Milagros tiene 25 años de edad y nació en la ciudad del Cusco, ella es diseñadora grafica trabaja de forma independiente, ella tiene varios clientes que le piden trabajos porque sus trabajos son de buena calidad, ella pertenece al banco comunal “Naupasunchis” de la ciudad del Cusco. En esta oportunidad requiere el préstamo para comprar materiales de trabajo como papel, tintas, papeles especiales y otras cosas más. Esta feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
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