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Apu Salkantay Group
In this Group: Ruth , Ronald Aquino , Joseph Jeremy , Elena , Juana , Maria Exaltacio , Antonio , Dany Luz, Gianfranco , James Anthony , Cesar
The partners are part of the Apu Salkantay community bank. The members live in the Santiago district in the province and department of Cusco.

This partner is Maria. She is 61, and a single mother with 4 children. For the past 5 years this member has worked on the Plaza del Tricentenario selling food. She also sells eggs with potatoes and ground aji pepper with herbs. She is requesting a loan to buy ingredients for her business.

Other partners alternate their domestic responsibilities with activities such as, retail sales, grain sales (beans, corn, peanuts, green beans), and the purchase and sale of lumber. Other members include a heavy machine operator, an employee in the Inka region, a travel agent, a teacher, and and employee of the Calcutta sisterhood.

This member appreciates the loan since it will allow her to grow her small business and have a better quality of life. She also commits herself to making her payments within the established time line.
View original language description ↓
Los socios pertenecen al banco comunal “APU SALKANTAY”; Los socios viven en el distrito de Santiago en la provincia y departamento de Cusco.

La socia es la Sra. María; ella tiene 61 años de edad y la socia es madre soltera y tiene 4 hijos; la socia trabaja en la plazoleta de tricentenario, La socia trabaja desde hace 5 años vendiendo comida, ella también vende huevo cocinado acompañado de papas cocidas y ají molido hecho a base de hierbas aromáticas. La socia solicita el préstamo para comprar los ingredientes para su negocio.
Los otros socios alternan sus diferentes actividades del hogar con el comercio minorista, venta de granos secos (habas, maíz, maní, porotos, etc); compra y venta de madera; y otros socios como técnico en maquinarias pesadas, empleado en la región Inka, empleado en una agencia de viajes, docente de instituto, empleada de las hermanas de Calcuta.

La socia valora y agradece el crédito otorgado ya que este le permite crecer con su pequeño negocio y tener una mejor calidad de vida, así mismo se compromete a cumplir con el pago de sus cuotas 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

  • $6,715
    Average annual income
  • 77
    View loans »
    Peru Loans Fundraising
  • $55,175,175
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Apu Salkantay Group's $3,125 loan helped a member the member requests a loan to buy ingredients for her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2010
Listed
Aug 12, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010