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Patron De San Jeronimo Ii Group
In this Group: Ignacia , Paulina, Zoila Esperanza, Flora, Justo Pastor, Adela Fortunata, Giselda, Sofia , Henry , Teresa, Paula Genoveba*, Eduarda , Dina , Epifanio*
* not pictured
The members all belong to Cusco's “PATRON DE SAN JERONIMO II” communal bank, which is in Huanchac neighborhood, 15 minutes from Cusco's main square. There are 14 members, each with his/her own commercial activity; most of the members are independent businesspersons. For example: one member works as a receptionist in a hostel but also has a small firewood sales business at home. Another member has a small grocery store and requests funding to buy stock items for it. Another member is a mechanic and needs funds to buy tools for his shop. Another member has clay and mud ovens and needs funding to buy raw materials. Another member has a small, corner stand where she sells anticuchos (skewered grilled meats and potatoes). Another is a cheese merchant, one has a bookstore, and another works for the city as a kitchen assitant; another member sells catalogue cosmetics. All of them need funding to invest in their various commercial activites and some to buy products to sell as a source of extra income besides their regular jobs. The members are grateful and send an enormous hug and warm greeting to everyone for the New Year and pledge to repay the loan in a timely fashion.
View original language description ↓
Nuestros socios pertenecen al banco comunal “PATRON DE SAN JERONIMO II” situado en la ciudad del Cusco, en el distrito de Huanchac a 15 minutos de la plaza central de esta ciudad.

Nuestros socios son 14 miembros dentro de este banco comunal, ellos alternan sus diferentes actividades con el comercio, la mayoría de los socios se dedica a trabajos independientes, una socia trabaja en un hostal es recepcionista y también tiene en casa un pequeño negocio ella vende leña al por mayor, otra socia tiene una tienda abarrotes y solicita el préstamo para comprar mercadería y así poder implementar su tienda, otro socio es mecánico y solicita el préstamo para comprar herramientas para su taller, otro socio hace hornos de arcilla y barro, el solicita el préstamo para comprar su materia prima, otra socia vende en un pequeño puesto en la esquina de su barrio todos los días anticucho (trozos de carnes y papa, estilo parrilla), ensartados en palos, otra vende queso, otro socio tiene una librería y otro trabaja como ayudante de cocina en la municipalidad, otra socia vende cosméticos por catálogos, todos ellos solicitan el préstamo para poder reinvertir en sus diferentes negocios y otros para comprar productos y vender algo extra a parte de sus respectivos trabajos.

Nuestros socios agradecen y les hacen llegar un enorme abrazo y un cordial saludo y los mejores deseos para este nuevo año y se comprometen n cumplir con los pagos 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

  • $12,000
    Average annual income
  • 96
    View loans »
    Peru Loans Fundraising
  • $57,954,100
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Patron De San Jeronimo Ii Group's $4,225 loan helped a member to buy ingredients, supplies, and merchandise for their various commercial activities.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2009
Listed
Jan 18, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010