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In this Group: Ismael, Clorinda, Ines, Bony, Delia, Irma, Francisca, Graciela, Luz Angelica, Mercedes, Justina, Luz Marina, Bertha, Vilma, Juan, Frida, Carmen, Juan Carlos, Soledad, Rosario, Justina, Luz Marina, Yuliza, Luis Carlos
Our members belong to the “Lucero” communal bank and they live in the city of Cusco, in the department of Cusco. The group meets every 30 days in the main office of the Asociación Ararwia and it is made up of 24 members. In the video you can see the advisor swearing in the communal bank’s new executive board. The new president says a few words of holiday and New Years greetings to the members.

Our members have small businesses in their own homes, such as: Clorinda has a carpentry shop, Luz Mariana has a bakery store, Soledad and Bony each have a small grocery store, Carmen has a restaurant, Mercedes sells dry food products, Ismael sells car parts, and Francisca sells lamb meat.

Other members provide services: Luz Marina is a pre-school teacher, Justina is a domestic, Delia is a secretary at the high school I.E.I. “San Jeronimo”, and Vilma and Juan, who are spouses, have a family-owned bus company that takes passengers to the city of Puerto Maldonado.

Our member Bertha is 34 years old, she is married and has two children. She washes clothes for her friends and neighbors every day and in this way she helps with an income for her family. She is an entrepreneurial and hardworking mother who helps her children get ahead in life. She has been in this line of work for several years and things have gone well for her because of the effort she puts into her work. She will put her loan towrds her family's living expenses.

The members who have the business need the loan to buy products such as wood, flour, rice, sugar, and car parts, while those who provide services need it for family expenses such as their children’s education.

The members value and appreciate the loan granted to them through this program and they are committed to making their repayments in the established time frame.
View original language description ↓
Nuestros socios pertenecen al banco comunal “LUCERO” y viven en la ciudad del Cusco del departamento del Cusco. Los socios se reúnen cada 30 días en la oficina central de la Asociación Arariwa y esta conformado por 24 socios. En el video se ve que la asesora hace juramentar a la nueva junta directiva del banco comunal. La nueva presidenta da unas palabras de saludos por las fiestas navideñas y por el año nuevo a los socios.

Nuestros socios tienen pequeños negocios en sus propios domicilios como por ejemplo: Clorinda tiene una carpintería, Luz mariana tiene una panadería, Soledad y Bony cada una tiene una tienda de abarrotes, Carmen tiene un restaurante, Mercedes vende productos secos, Ismael vende auto partes de carros y Francisca vende carne de cordero.
Otros socios dan servicios como la socia Luz Marina que es profesora del nivel inicial, Justina es empleada del hogar, Delia es secretaria en el colegio I.E.I. “San Jerónimo” y Los socios Vilma y Juan que son esposos y tienen un negocio familiar de servicio de agencia de transportes terrestre que llevan pasajeros a la ciudad de Puerto Maldonado.

Nuestra socia Bertha tiene 34 años es casada y tiene dos hijos, ella se dedica a lavar ropa de sus amigas y sus vecinas todos los días, de esa forma ayuda al ingreso económico de su familia. La socia es una madre emprendedora y trabajadora que saca adelante a sus hijos. Ya son varios años que se dedica al negocio y le ha ido muy bien gracias al empeño que pone en su trabajo. La socia require el prestamo para el gasto familiar.

Los socios que tienen negocios requieren el préstamo para comprar productos como madera, harina, arroz, azúcar, auto partes y los que brindan servicios para el gasto familiar como la educación de sus hijos.

Los socios valoran y agradecen el préstamo otorgado mediante este medio y así mismo se comprometen a cumplir con el pago de sus cuotas 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

  • $6,715
    Average annual income
  • 97
    View loans »
    Peru Loans Fundraising
  • $55,041,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Lucero Group's $4,550 loan helped a member the members who have the business need the loan to buy products such as wood, flour, rice, sugar, and car parts, while those who provide services need it for family expenses such as their children’s education.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2009
Listed
Jan 13, 2010
Currency Exchange Loss:
N/A
Ended:
May 15, 2010