Check out some available loans that are similar to this one!
In this Group: David Pasto, Susana Marlyn, Ana, Yanet, Silvia Patricia, Norma, Sisinia *, Leopoldo, Maribel , Beatriz, Alyde Marisol, Carmen, Griselda Hesperida, Ruth*, Javier Fausto*
* not pictured
Kantu San Jerónimo Bank is a group of 15 lenders that has been together for around 10 years. They are based in San Jerónimo, a small community located 20 minutes south of Cusco, Perú. They are currently in their second loan cycle with Asociación Arariwa, and regularly bring new members into the group and alternate the leadership positions.

Members include housewives who run small businesses such as general stores and daycare centers from their homes. They plan to buy merchandise for their businesses or to fix up their homes with the money. Griselda, the newest member, is a part-time university student who studies psychology and needs the loan to help finance her education.

David is the current president of Kantu San Jerónimo. He has three children and runs a metal carpentry shop for producing things such as furniture, doors, stairwells, and window frames. He wants to purchase new machinery for his store with this loan.

The group met at Arariwa headquarters in Cusco to discuss the terms and conditions of their loan. They are committed to paying it back on time and are grateful to have access to the capital needed to run their businesses.

Additional Information

Important Information

About 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.

About Peru

  • $6,715
    Average annual income
  • 125
    View loans »
    Peru Loans Fundraising
  • $56,814,000
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Kantu San Jerónimo Group's $3,825 loan helped a member to purchase new machinery for metal carpentry shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009