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Nuevo Amanecer - Cusco Group
In this Group: Kris Milagros , Julia , Pablo , Eusebio, Hilda *, Jose Angel, Guillermo , Noely , Edgar , Roger, Lenin
* not pictured
Kris Milagros is a member of the "NUEVO AMANECER - CUSCO" ("New Dawn - Cusco") community bank. She lives in Huanchac district in the province of Cusco, department of Cusco.

Kris Milagros is 29 years old, single, and has one son. She runs a travel agency, which is located in the city of Cusco. She and her relatives want to open a beer shop on the first floor of their house, which is why she is requesting this loan. She and her family will take it in turns to run this new business. She will use the requested loan to install the beer shop in her home.

The other members of the bank are small traders. They run a restaurant, a karaoke bar, and a hardware store, while two group members work promoting live shows.

Kris is grateful for this loan and promises to keep working hard so she can meet her payments and improve her business.
View original language description ↓
La socia pertenece al banco comunal "NUEVO AMANECER - CUSCO"; la socia vive en el distrito de Huanchac, provincia de Cusco, departamento de Cusco.

La socia es la Sra. Kris Milagros, La socia tiene 29 años de edad ella es soltera y tiene 1 hijo; la socia se dedica a administrar una agencia de viajes y turismo, la agencia de la socia está ubicada en la ciudad del Cusco; la socia desea poner en su casa en el primer piso junto a sus parientes un depósito de cerveza, para lo cual está solicitando el préstamo, ella y su familia atenderán en turnos que se les haga posible la administración y la atención de este su nuevo negocio. La socia solicita el préstamo para invertir en un depósito de cervezas que la socia pondrá en su casa.

Los otros socios se dedican a comercio minorista, ellos se dedican a la administración de su restaurante, bar karaoke, a la atención de una ferretería, y otros dos socios se dedican a la atención en el area de promotores en espectaculos.

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
  • 100
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nuevo Amanecer - Cusco Group's $2,200 loan helped a member to buy a stock of beer to sell from her home.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2011