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Santiago Apostol Group
In this Group: Ana Sofía, Dominga, Maria Luisa, Martha Pilar, Benita, Margoth, Modesta*, Isabel, Felicitas, Eloy, Deisi
* not pictured
The members of the communal bank, “SANTIAGO APOSTOL”, are located in the district of Santiago in the province and department of Cusco.


Our members alternate their different activities, from housework to specific tasks. With the sale of handicrafts, three members have their stand in the collective shopping center. The women bring merchandise from Bolivia (clothing, games, and gadgets, among other things). At the same shopping center, other members sell books, others have a kiosk for breakfast food, two members run two restaurants, and two more members sell school supplies. One of our members, Sra. Modesta E., is absent from the group for health reasons. These members are very hardworking people and want to keep moving ahead, and for that they require a loan to be able to reinvest in their different businesses.


Our members both value and thank you for your support by providing a loan through this organization. They are committed to repaying this loan within the established time frame.

View original language description ↓

Los socios del banco comunal “SANTIAGO APOSTOL”, están situados en el distrito de Santiago en la provincia y departamento del Cusco.

Nuestros socios alternan sus diferentes actividades tanto del hogar como particulares; con la venta de artesanía, tres socias tienen sus stand en el centro comercial confraternidad, ellas traen mercadería de Bolivia (ropas, juguetes, artefactos, entre otros), otros socios venden libros en el mismo centro comercial, otros tiene su stand de venta de desayunos y 2 restaurantes de dos socios, y 2 socios más venden útiles escolares, una de nuestras socias está ausente por motivos de salud, su nombre es la Sra. Modesta E., estos socios son gente muy trabajadora y desean seguir adelante y para esto requieren un préstamo para reinvertir en sus diferentes negocios.

Nuestros socios valoran y agradecen el apoyo brindado y 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
  • 98
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Santiago Apostol Group's $2,075 loan helped a member working capital.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009