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Santo Domingo Group
In this Group: Silvano Antoliano, Inga Flora , Beatriz , Jacinta, Lulia, Sumilda , Yolanda , Edith , Maritza , Cerapio , Ricardo , Edid , Rosario
The members belong to the community bank "Santo Domingo"; The bank is located in the province of Urubamba, department of Cusco.

One of the members is Ricardo; he is 44, has a partner and two children ages 15 and four; the member sells crafts at a stand in the shopping center Inti Pakareq, he works at the stand from 9 a.m. to 8 p.m. with no break, the member works with beading and makes crafts in alpaca, jewelry strings, earrings and necklaces, as well as bracelets.

The member requests a loan to buy materials such as alpaca, thread, plyers, beads, stones and others.

The other members provide goods and services such as taxi, crafts, clothing, bookstore, groceries, one of them is a teacher and another one has a chicken restaurant.

The member values the loan and commits to make the payments according to the established repayment schedule.
View original language description ↓
El socio pertenece al banco comunal “SANTO DOMINGO”; El banco comunal está ubicado en la provincia de Urubamba y departamento del Cusco.

El socio es el Sr. Ricardo; El socio tiene 44 años de edad, la socia es conviviente y tiene 2 hijos de 15 y 4 años de edad; El socio se dedica a la artesanía, le socio tiene un pequeño puesto de venta de artesanía en el centro comercial Inti Pakareq, el atiende su stand desde las 9 de la mañana hasta las 8 de la noche de corrido, el socio se dedica ala bisutería, el realiza trabajos en alpaca, y cordones de fantasía, el hare aretes y collares, también brazaletes. El socio requiere el crédito para comprar mercadería como alambres de alpaca, hilos, alicates delgados, piedras de fantasía, pinis, cuarzos y otros. El socio solicita el préstamo para invertir en la compra de materiales.

Los otros socios se dedican a prestar servicio de moto taxi, artesanía, venta de ropa, librería, abarrotes, una de ellas es docente, otra socia se dedica a la atención de su restaurante pollería.

El socio valora el préstamo 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

  • $6,715
    Average annual income
  • 38
    View loans »
    Peru Loans Fundraising
  • $55,833,225
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Santo Domingo Group's $4,525 loan helped a member invest in buying materials.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 4, 2011
Listed
Jan 5, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011