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Tres De Mayo De Poroy Group
In this Group: Cornelia, Juana, Vilma, Martha, Maria Teresa, Gonzalo*, Flavia*, Yovanna, Ana Maria, Yeni, Romulo
* not pictured
The Communal Bank “Tres de Mayo de Poroy” is led by Sra. Vilma who serves as president, Yovanna who serves as secretary, Ana María who serves as treasurer, and Martha who serves as auditor. The members meet every thirty days at the microfinance offices of Asociación Arariwa in the city of Cusco. The Communal Bank is currently in its fourth loan cycle and consists of 11 hardworking and enterprising individuals who look at each moment as an opportunity to get ahead and provide their children with a better future.

Some examples of the businesses the members are engaged in include buying and selling sheep, producing handicrafts, selling fruit, buying and selling small animals, selling vegetables and stews, and selling groceries. Others work in service positions such as nutritionists, transport drivers, dental technicians, and teachers.

Cornelia is 60 years old and a single mother of five children. She sells vegetables at the central market in Cusco. Cornelia says that she leaves for the market around 5am and stays until 6pm. She needs a loan to buy products such as clams, potatoes, fish eggs, and other items to sell for Holy Week. Cornelia has been a vendor at the San Pedro Market since 1969. She has participated in the Communal Bank for five years and has performed very well as a result of her timely and responsible payments.

The members value and appreciate the loan that has been provided to them and promise to make their payments on time.

Cusco is a city known for its archaeological sites, historical center, landscapes, and history. It is a charming city located in the southern part of the country.
View original language description ↓
El banco comunal “TRES DE MAYO DE POROY” está representado por la señora Vilma que es la presidenta, Yovanna que es la secretaria, Ana María que es la tesorera y Martha que es la fiscal. Los socios se reúnen cada treinta días en las oficinas de la unidad de micro finanzas de la Asociación Arariwa de la ciudad del Cusco. Actualmente, el banco comunal se encuentra en el IV ciclo y está conformado por 11 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.

Las actividades económicas de algunos de los socios es por ejemplo; crianza y venta de ovejas, elaboración de artesanía, venta de frutas, compra y venta de animales menores, venta de verduras y menestras y venta de comestibles. Otros socios brindan servicios como por ejemplo; especialistas en nutrición, transportes, mecánico dental y docencia.

Cornelia, tiene 60 años, es madre soltera, tiene cinco hijos y se dedica a la venta de verduras en el mercado central de la ciudad del Cusco, ella nos cuenta que va al mercado aproximadamente a las 5 de la mañana y se queda vendiendo hasta las 6 de la noche. Ella requiere el préstamo que invertirá en comprar productos como por ejemplo machas, papas, huevera de pescado, etc. Ella vende sus productos por Semana Santa. Desde 1969 es vendedora en el mercado de San Pedro. Ya son 5 años que participa en el banco comunal y le va muy bien gracias a la puntualidad y responsabilidad de los pago de las cuotas.

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.

Cusco es una ciudad que se caracteriza por sus centros arqueológicos, su centro histórico, sus paisajes, su historia, siendo una ciudad encantadora de la región sur del país.


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
  • 71
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Tres De Mayo De Poroy Group's $3,550 loan helped a member purchase various food products to sell during Holy Week.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2010
Listed
Apr 20, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010