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Nueva Generacion Iii Group
In this Group: Juan Pablo*, Elva*, Rosa Patricia, Olga, Elizabeth, Washington Genaro, Mariluz, Carlos, Yhon Davis, Monica, Conie Tracy, Edgar Mijael
* not pictured
The Communal Bank “Nueva Generacion III” (New Generation III) is currently in its thirteenth loan cycle and consists of twelve hardworking and enterprising individuals who view each moment as an opportunity to get ahead. Through their daily efforts, they are able to provide a better future for their children. The members of the Communal Bank live in the Province and Department of Cusco. Cusco is a city known for its archaeological sites, its Historical Center, its landscapes, and its history for being one of the most enchanting cities in the southern part of the country.


The business activities of the members include selling dry goods, snacks, groceries, food, or providing transportation services. The members indicate that the Communal Bank has participated in numerous loan cycles and that they are happy and satisfied with the loan services, savings, and training classes. One ongoing aspect of the Communal Bank that is of value is the group savings account that opens the possibility for building up assets, which is what this service provides.


Rosa is a member of the New Generation Communal Bank. She and the other members meet every 30 days at the central office of Asociación Arariwa. Rosa is 29 years old, in a common law marriage, and has three children (L., Sheyla, and Santos Ollantay). She wakes up very early to attend to her family, such as preparing breakfast for her children and getting them ready for school. After taking care of her household activities, she engages in her business of making woolen clothing by hand. For example, she weaves sweaters for newborn infants. Rosa has been in this business for 15 years and has done very well thanks to the effort she puts into her work. She inherited this business from her parents. Rosa needs a loan to buy balls of wool, thread, elastic, buttons, and other items.


The members, in general, are grateful for this opportunity and commit to making their payments on time.

View original language description ↓
El banco comunal “NUEVA GENERACION III”, actualmente se encuentra en el XIII ciclo y esta conformado por 12 personas trabajadoras y emprendedoras 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 distrito D. Cusco la provincia D. Cusco. Cusco es una cuidad que se caracteriza por su centros arqueológicos, centro histórico, sus paisajes, su historia siendo una ciudad encantadora de la Región Sur D. país.

Las actividades económicas de los socios a las que se dedican son el comercio como por ejemplo, venta productos secos, venta de alimentos, venta de comestibles y venta de comida y otros brindan servicio de transportes. El banco comunal tiene varios 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.

La socia Rosa forma parte D. banco comunal la “Nueva Generación” y las reuniones de los socios son cada treinta días en la oficina central de la Asociación Arariwa.
Rosa tiene 29 años de edad, es conviviente y tiene tres hijos (L., Sheyla y Santos Ollantay), ella se levanta muy temprano para atender a su familia como por ejemplo prepara desayuno para sus hijos y los envía al colegio, después hacer sus actividades D. hogar su actividad comercial es la confección de ropa de lana de forma manual como por ejemplo, ella confecciona chompas para bebes recién nacidos. Ya son 15 años que se dedica al negocio y le ha ido muy bien gracias al empeño que pone en su trabajo, ella heredó el trabajo de sus padres. Rosa requiere el préstamo para comprar ovillos de lana, hilos, elásticos, botones y muchas cosas más.

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
  • 124
    View loans »
    Peru Loans Fundraising
  • $57,923,600
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Generacion Iii Group's $4,800 loan helped a member purchase wool, thread, elastic, buttons, and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2010
Listed
Mar 12, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2010