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Virgen Del Rosario Group
In this Group: Modesta , Rosario , Alejandrina , Judith , Zonia *, Grimaldina, Gregorio , Guido , Agustina , Dominga , Jenara , Cleofe , Eusebio , Yenny , Balvina
* not pictured
Agustina belongs to the “Virgen del Rosario” (Virgin of the Rosary) community bank. She lives in the rural community of Pongobamba, in Chinchero district, in Urubamba province, in Cusco department.

Agustina is 59 years old. She is a widow and has two children. Her main source of income is farming. She works on her land together with her sons. They ask for help from their community because currently, as was the case in the time of the Inca, there exists the famous AYNI system (a form of communal work where neighbors help each other on their lands at sowing and harvest time). Agustina grows potatoes and corn which she then sells. This is how she supports herself and helps her children with their studies. Agustina herself wasn't lucky enough to study at secondary level and she started working on her parents' land when she was a very little girl. Today she understands that studying is very important if her children are to have a better opportunity in life. She is requesting a loan to invest in buying corn and potatoes to sow on her lands and harvest next year.

The other members of the group also farm and raise young animals.

Agustina is grateful for the loan which she will receive and pledges to continue working hard to make her repayments and improve her business.
View original language description ↓
La socia pertenece al banco comunal "VIRGEN DEL ROSARIO"; la socia vive en la comunidad campesina D. Pongobamba distrito D. Chinchero y provincia D. Urubamba, departamento D. Cusco.

La socia es la Sra. Agustina; ella tiene 59 años D. edad ella es V. y tiene 2 hijos; la socia se dedica a la agricultura como principal fuente D. ingreso económico, la socia trabaja en sus tierras junto a sus hijos ellos solicitan ayuda D. la comunidad porque actualmente como era en el tiempo D. los inkas existía el famoso AYNI (ayuda al projimo en sus tierras para sembrar y cosechar); la socia siembra papa y maíz luego ella venD. estos productos y es así como se mantiene y ayuda en los estudios a sus hijos, la socia no tuvo la suerte D. estudiar ni la secundaria y desD. muy niña se puso a trabajar en las tierras D. sus padres, hoy ella comprenD. que el estudio es muy importante ahora para que ellos tengan mejor oportunidad en la vida. La socia solicita el préstamo para invertir en la compra D. maíz y pap para sembrar en sus tierras para cosechar el año entrante.

Los otros socios se dedican ala agricultura y a la crianza D. animales menores.

La socia agradece el préstamo que se le otorgará y se compromete a seguir trabajando con mucho ahincó para cumplir con los pagos y mejorar su negocio.

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
  • 86
    View loans »
    Peru Loans Fundraising
  • $59,000,650
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Rosario Group's $4,475 loan helped a member to invest in buying corn and potatoes to sow on her lands and harvest next year.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 17, 2010
Nov 21, 2010
Currency Exchange Loss:
Jun 15, 2011