Check out some available loans that are similar to this one!
Las Vegas Group
In this Group: Damiana Vilma, Lourdes, Yaqueline, Victor Hugo*, Antonia, Cristobell, Elizabeth, Anyela Trinidad, Rosa Del Carmen, James Joel, Juan Carlos, Katia Victoria, Elizabeth Gabriela
* not pictured
The “LAS VEGAS” communal bank is in its fifth loan cycle; it’s made up of 13 hard-working members who are always searching for opportunities to get ahead in life and to provide a better future for their children through their daily efforts. This is a communal bank composed of members who reside in Cusco province, Cusco department. Cusco is a city that is renowned for its historical city center, its scenery and its history; it is an enchanting city in the south of the country.

The members are involved in a variety of commercial activities. For example: sales of building materials and beauty products; some are teachers and others sell phone services. Another administers the “Las Vegas” and “El Palacio del Folklore” discotheques while another is a hostess at the Las Vegas discotheque. One is a receptionist and another provides biological services.

The communal bank has had several loan cycles. The members state that they are happy and satisfied with the credit services, the savings and the training received. They are particularly pleased with the savings that they can accrue by leaving their funds in a common account over time.

Kathia is a new member of the Las Vegas communal bank. She is 36 years old, lives with her life partner and their three children. She sells beauty products and clothing. She tells us that she brings the clothing from the cities of Desaguadero and Tacna and sells them to acquaintances and to institutions. She needs financing to increase her stock and also to pay her oldest daughter’s school costs.

She asks that she continue to receive this kind of loan so that her business can grow. Above all, she tells us that there are a lot of women who are unable to work independently because, being mothers; they must care for their children and have additional income.

The members in general are grateful for the opportunity offered and pledge to repay in a timely fashion.
View original language description ↓
El banco comunal “LAS VEGAS”, actualmente se encuentra en el V ciclo y esta conformado por 13 personas trabajadoras que buscan a cada momento las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos, es un banco comunal conformado por socios que viven en la provincia de Cusco del departamento Cusco. Cusco es una cuidad que se caracteriza por su Centro Histórico, sus paisajes, su historia siendo una ciudad encantadora de la Región Sur del país.

Las actividades económicas de los socios a las que se dedican son el comercio como por ejemplo venta de productos de construcción y venta producto de belleza y otros brindan servicio de docencia, servicio de llamadas de forma ambulatoria, servicio de administración de las discotecas “Las Vegas” y “El Palacio del Folklore”, servicios de azafata en la discoteca Las Vegas, servicio de recepcionista y servicio de biología. El banco comunal tiene vaR. ciclos de funcionamiento, como manifiestan las socias, se encuentran contentas y satisfechas con los servicios de crédito, ahorro y capacitación, por el tiempo de permanencia en el banco comunal un aspecto de valoración es el ahorro por la posibilidad de capitalización que les brinda este servicio.

Kathia es socia nueva del banco comunal Las Vegas, tiene 36 años de edad, es conviviente y tiene tres hijos. La socia Kathia vende producto de belleza y venta de ropa. La socia Kathia nos cuenta que ella trae la ropa de la ciudad de Desaguadero y la ciudad de Tacna y loS vende a personas conocidas y también a instituciones. La socia requiere el crédito para aumentar el negocio de venta de ropa y cosméticos y también para la educación de su hija mayor. La socia pide que sigan dando este tipo de créditos pues le da oportunidad para incrementar el negocio. Sobre todo ella nos cuenta que hay muchas mujeres que no tienen donde trabajar de forma independiente porque como mamas necesitan estar al cuidado de sus hijos y tener un ingreso adicional.

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

  • $12,000
    Average annual income
  • 94
    View loans »
    Peru Loans Fundraising
  • $57,998,275
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Vegas Group's $2,875 loan helped a member to buy clothing and cosmetics and for her oldest daughter's school costs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2010
Listed
Mar 5, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010