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Señor De Puquin Group
In this Group: Edelmira, Luis Orlando, Alejandro, Virginia, Cesar, Elmer Giovanni, Julia, Gregoria Graciela, Sonia, Alicia, Ines, Guillermina, Georgina, Miguel Angel, Dignidad Merida, Ines
There are 16 members in the Señor de Puquin Community Bank, which is located in the Huanchac district, Cusco province and department.

The members have different small businesses. They need working capital to invest in their different small businesses. They sell food. Some of them have stands in schools and work at the students’ break time. Others are asking for a loan to increase their businesses in the fellowship market. Other members are asking for a loan for their small café and grocery store.

The members are grateful for and value the loan given through this medium. They promise to make their payments according to the established timeline.
View original language description ↓

Los socios son un número de 16, ellos pertenecen al banco comunal “SEÑOR DE PUQUIN”, ubicado en el distrito de Huanchac en la provincia y departamento del Cusco.

Nuestros socios alternan sus diferentes actividades con el comercio minorista, ellos requieren este capital de trabajo para invertir en sus diferentes negocios pequeños, ellos venden comida, algunos tienen sus stand en colegios y laboran en el recreo de los alumnos, otros solicitan para aumentar su negocios en el mercado de confraternidad, otras socias tienen un pequeño cafetín y tienda de abarrotes, para lo cual solicitan el préstamo.

Los socios agradecen y valoran el préstamo otorgado mediante este medio, y se comprometen a cumplir con el pago en el plazo establecido.

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

  • $12,000
    Average annual income
  • 130
    View loans »
    Peru Loans Fundraising
  • $57,388,050
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Señor De Puquin Group's $3,625 loan helped a member working capital.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009