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Los Emprendedores Group
In this Group: Alfredo, Engret, Benjamin, Liliabet, Rosa, David, Dirse, Leonarda, Balvina
The LOS EMPRENDEDORES communal bank is made up of 9 members who are starting their first loan cycle; they are workers who constantly seek ways to succeed and to give their children a better future with their daily effort. The members reside in the city of Urubamba, Cusco department; a city that is noted for its beautiful scenery, its agriculture and its cattle raising.

The members are engaged in various commercial activities such as: vegetable sales, food and prepared meals sales. Some members sell cell phone cards, some provide urban transportation services, shoe store, home construction, office cleaning services. The members who have businesses are worried because sales have dropped. The heavy rains that fell on Cusco for three days caused many tourists to cancel their travel plans to Cusco. Tourism has declined considerably.

Rosa is a member of the Los Emprendedores communal bank. She is 19 years old, lives with her life partner and has a daughter, Yudith, who is 10 months old. Rosa sells quinoa-based fruit juices. She tells us that she only goes out to sell on Wednesdays. The rest of the days she is a housewife. She goes out to sell from 6am and stays out until 9am.

Rosa needs funding to buy a pushcart to carry her quinoa juices. Her husband, David, is a mototaxi driver and he contributes to household expenses that way.

The members, in general, are grateful for the opportunity they have been given and pledge to repay their various payments in a timely fashion.
View original language description ↓
El banco comunal LOS EMPRENDEDORES está formado por 9 socios, inician su primer ciclo y son trabajadores que buscan a cada momento las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos, las socias viven en la ciudad de Urubamba del departamento del Cusco, ciudad que se caracteriza por sus paisajes hermosos, su agricultura y su ganadería. La cuidad Urubamba se encuentra ubicado a una hora y quince minutos de la Ciudad del Cusco. Las socias realizan diferentes negocios como la venta de verduras, comestibles y comida, otros socios brindan servicios como llamadas a celulares móviles, transporte urbano, zapatería, construcción de casas y limpieza de oficinas. Los socios que tienen negocios están preocupados porque las ventas han disminuido. Las fuertes lluvias que cayeron por tres días en la ciudad del Cusco hicieron que turistas cancelaron sus reservaciones de viaja a la ciudad del Cusco. El turismo ha decaído considerablemente.

Rosa es socia del banco comunal los Emprendedores, tiene 19 años de edad, es conviviente y tiene una hija llamada Yudith que tiene 10 meses de nacida. Rosa se dedica a la venta jugos a base de quinua de manera ambulatoria, la socia nos cuenta que solo el miércoles óseo una vez al mes sale a vender y los demás días se dedica a las actividades del hogar, ella sale a vender desde muy temprano exactamente a las 6 a.m. y se queda hasta las 9 a.m. Rosa requiere el préstamo para comprar una carretilla donde pueda llevar sus jugos de quinua. Su esposo David es mototaxi y así de esa manera ayuda a el ingreso familiar.

Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos.

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
  • 95
    View loans »
    Peru Loans Fundraising
  • $56,037,525
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Emprendedores Group's $2,300 loan helped a member to buy a pushcart.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2010
Listed
Feb 17, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010