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Moyopata-San Sebastian Group
In this Group: Alejandro, Graciela Hermione, Olimpia, Felicitas, Cosme, Jorge, Rutty*, Vilma*, Lisbeth, Edwin, Sonia Elena
* not pictured
The members belong to the “MOYOPATA-SAN SEBASTIAN” communal bank which is located in San Sebastián district in Cusco province, Cusco department.

Alejandro, 54, is married and has 5 children. He is a carpenter and has a shop where he makes different kinds of furniture like: beds, chairs and windows. He works with his wife and children. They all make wood items that they then go out to sell in places like Quillabamba, Sicuani and here in the city of Cusco at the El Molino Shopping Center. He works from 6am until 10pm. He wants to expand his carpentry shop and is asking for a loan to buy wood and other furniture making supplies.

The other members sell second hand clothes, are in construction, carpentry, transport and grocery sales.

He is grateful to all who share in his dream and pledges to repay in a timely fashion.
View original language description ↓
Los socios pertenecen al banco comunal “MOYOPATA-SAN SEBASTIAN”; Este banco se ubicada en el distrito de San Sebastian, perteneciente a la provincia de Cusco y departamento de Cusco.

El socio es la Sr. Alejandro; el tiene 54 años de edad y es casado y tiene 5 hijos; El socio se dedica al negocio de carpintería, el tiene un taller donde fabrica diferentes muebles como camas,mesas,sillas y ventanas, el socio trabaja juntamente con su esposa y sus hijos, todos ellos realizan trabajos en madera y luego los llevan a vender a lugares como Quillabamba y Sicuani y aquí en la ciudad de Cusco lo vende en el centro comercial el Molino, el socio trabaja desde las 6:00 a.m hasta las 10:00 p.m,el socio quiere ampliar el negocio de taller de carpintería. El socio solicita el préstamo para comprar madera y materiales para fabricar los muebles.

Los otros socios se dedican a la venta de ropa de segunda mano, construcción, carpintería, transporte y tienda de abarrotes.

El socio agradece a quienes forman parte de este sueño mediante este medio y se compromete a 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

  • $12,000
    Average annual income
  • 94
    View loans »
    Peru Loans Fundraising
  • $57,998,275
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Moyopata-San Sebastian Group's $2,500 loan helped a member to buy wood and other furniture making supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2010
Listed
Dec 9, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011