Check out other loans that are currently fundraising!
Dos De Mayo Group
In this Group: Clorinda , Luzgarda , Yerco*, Martha, Zoraida , Richard , Marco Antonio , Javier Enrrique , Presentacion , Rosendo , Wilfredo , Pedro Antonio , Edem
* not pictured
Our members make up the “DOS DE MAYO” (May 2) communal bank. They live in Cusco’s Huanchac district and meet monthly in Arariwa’s offices.

Our featured member is Martha, 43. She is a single mother of two children. She alternates her household chores with retail: she sells nutritional products. She is asking for funds to pay travel costs to buy nutritional products to stock her business.

The other members alternate their activities with retail. Some sell cell phones and accessories, another member is a heavy machinery operator, one has a grocery store and another member sells books and newspapers in a kiosk; two other members are photographers and one sells clothing. All the members seek funding to invest in their various businesses.

The members are grateful for and value the support given them through this means and pledge to repay in a timely fashion.
View original language description ↓

Nuestros socios pertenecen al banco comunal “DOS DE MAYO”; Nuestros socios viven en la ciudad de Cusco, en el distrito de Huanchac. Los socios se reúnen todos los meses en el local de Arariwa.

Nuestra socia es la Sra. Martha, nuestra socia tiene 43 años de edad es madre soltera y tiene 2 hijos Nuestra socia alterna sus actividades de hogar con el comercio minorista, la socia vende productos nutricionales, Nuestra socia solicita el préstamo para viajar y comprar productos de nutrición para implementar en su negocio.

Los socios alternan sus actividades con el comercio minorista ellos venden celulares y accesorios, otra socia es empleada de maquinarias pesadas, otra tiene tienda abarrotes, otro socio vende libros y diarios en un kiosko, otros dos socios son fotógrafos, y otra socia vende ropa. Nuestros socios solicitan el préstamo para invertir en sus diferentes negocios.

Los socios agradecen y valoran el apoyo brindado mediante este medio y se comprometen a cumplir con el pago de su deuda 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
  • 100
    View loans »
    Peru Loans Fundraising
  • $57,945,600
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Dos De Mayo Group's $4,725 loan helped a member for travel costs to buy nutritional products to stock her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 4, 2010
Listed
May 8, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010