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Nuevo Amanecer - Huasao Group
In this Group: Edgar , Gregoria , Julia, Alejandra, Genoveva, Carmen Rosa *, Guillermina, Fanny , Carlota , Aide , Casilda , Juan Carlos, Rut , Saul*
* not pictured
The member (described here) is part of the New Dawning communal bank. The communal bank is located in the Oropresa - Huasao district, part of the Cusco province and department.

The member is Mr. Edgar, the member is married, has one son, and the member works in sales. He has a hardware store and also works civil construction jobs. The member is a very hardworking person and extremely disciplined. The member needs the loan to supply his hardware store and thus have better income. The member is requesting the loan to supply his hardware store and buy tools, thus diversifying his business.

The other members raise young animals, work in sales, work in agriculture, run a grocery store, sell cosmetics by catalog, work in arts and crafts, and sell fast food.

The member is grateful and values the loan granted through this medium and so promises to complete the payments in the set period.
View original language description ↓
El socio pertenece al banco comunal “NUEVO AMANECER ”; El banco comunal está ubicado en el distrito D. Oropesa – Huasao, perteneciente a la provincia y departamento D. Cusco.

El socio es el Sr. Edgar, el socio es conviviente, tiene 1 hijo y el socio se dedica al comercio, el tiene una ferretería y también trabaja en obras D. construcción civil; El socio es una persona muy trabajador y sumamente disciplinado, el socio requiere el préstamo para equipar su ferretería y así tener mejor ingreso económico. El socio solicita el préstamo para equipar su ferretería y comprar herramientas D. este modo diversificar su negocio.

Los otros socios se dedican a la crianza D. animales menores y la venta; agricultura, administración D. tienda abarrotes, venta D. cosméticos por catálogos, artesanía, venta D. comida rápida. El socio Juan Carlos tiene a su esposa en representación D. él, porque el trabaja en Cusco y dejo los papeles firmados para su su esposa recogiera el dinero.

El socio agradece y valora el préstamo otorgado mediante este medio y del mismo modo se compromete en 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
  • 118
    View loans »
    Peru Loans Fundraising
  • $56,104,025
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Amanecer - Huasao Group's $3,425 loan helped a member stock his hardware store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 8, 2010
Listed
Oct 25, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011