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Nueva Esperanza Group
In this Group: Margarita , Rosa , Pascual Adrian , Rosa , Zanaida, Antonieta, Dina , Virginia *, Dario , Mariluz , Leonarda
* not pictured
Higia, 25, is a member of the “NUEVA ESPERANZA” (New Hope) communal bank located in Ollantaytambo district, Urubamba province, Cusco department.

She has a live-in partner and a son. She provides cellular and land line phone services to the entire country. She recharges her two cellular phones on two lines and then goes to corners of the most popular city squares wearing a phosphorescent apron and provides calls to the whole country.

She only finished secondary school because her economic situation did not allow for higher education. She has make inquiries concerning the purchase of a food cart to sell hot mazmorra (a corn based dessert) in various sizes and quantities and prices so that it can be accessible to a wide range of customers. She plans to change businesses and this is why she needs a loan in order to buy the mazmorra food cart.

The other group members alternate their household chores with retail. They sell food, small farm animals, vegetables, soft drinks, beer, chicken and some run restaurants.

She is grateful for the loan granted and pledges to repay in a timely fashion.
View original language description ↓
La socia pertenece al banco comunal “NUEVA ESPERANZA”; El banco comunal está ubicado en el distrito de Ollantaytambo, provincia de Urubamba y departamento de Cusco.

La socia es la Sra. Higia ; La socia tiene 25 años de edad, es conviviente y tiene 1 hijo, La socia se dedica a prestar servicio de llamadas a celulares y fijos de todo el país, ella recarga sus 4 telefonos celulares en las dos lineas de telefonía, entonces ella de forma ambulante se para en las esquinas de las plazas mas concurridas y con su mandil fosforecente presta el servicio de llamadas a todo el país; La socia solo estudio la secundaria y no pudo tener acceso a estudiar en la superior debido a que su economía no le permite. La socia a averiguado sobre la posibilidad de comprar una carreta mazamorrera, para poder vender mazamorra caliente en diferentes tipos y tamaños de recipientes a distintos precio para el alcance de todo el publico. ella ya tiene planeado cambiar de negocio y es la razón por la cual solicita el prestamo. La socia solicita el préstamo para comprar una carreta para vender mazamoras.

Los otros socios alternan sus actividades del hogar con el comercio minorista, ellos venden comida, animales menores, verduras, gaseosas y cervezas, pollería, restaurantes.

La socia agradece y valora el préstamo otorgado mediante este medio y del mismo modo se compromete en 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
  • 75
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Group's $3,450 loan helped a member to buy a food cart.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2010
Listed
Oct 24, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011