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Progresando Group
In this Group: Luisa Francisca , Felipa Doris , Edith , Silberia , Wilfredo, Sebastiana , Grace Marleny , Bacilia , Noemi , Eva , Teofilo Salvador , Sabina
The members belong to the “PROGRESANDO” (Making Progress) communal bank located in Qoricancha, Chincheros province, Cusco department.

Silberia is a widow and mother of two children. She works in the Carlos Quinto Hotel. She’s a cosmetologist and runs the beauty salon for tourists.
She also prepares meals, box lunches, for the tourists to take on their tours on weekends.

She is asking for funds to buy a new hair dryer and beauty salon supplies.

The other members are seamstresses, sell clothing in a shopping center and are carpenters, tourist guides and newspapermen.

She is grateful to those who are part of this dream and pledges to repay in a timely fashion.
View original language description ↓

Los socios pertenecen al banco comunal “PROGRESANDO”; Este banco se ubicada en el distrito D. Qoricancha, perteneciente a la provincia D. Chincheros y departamento D. Cusco.

La socia es la Sra. Silberia; ella es viuda y tiene 2 Hijos; La socia trabaja en el hotel Carlos Quinto, ella es cosmetóloga y está encargada del área D. salón D. belleza a los turistas, la socia también prepara los fines D. semana desayunos para los turistas, los box lunch para sus paseos. La socia solicita el préstamo para comprar una secadora nueva y accesorios D. peluquería.

Los otros socios se dedican la costurería, venta D. ropa en el centro comercial, carpintería, guía D. turismo, periodismo.

La socia agradece a quienes forman parte D. este sueño mediante este medio y se compromete a cumplir con el pago D. 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
  • 76
    View loans »
    Peru Loans Fundraising
  • $53,936,350
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Progresando Group's $4,100 loan helped a member to buy a new hair dryer and other beauty salon supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2010
Listed
Sep 2, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011