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Virgen Asunta Group
In this Group: Dagmar Margot, Geronima, Silvestre, Francisca, Marylin, Cinthia, Urbano*, Naciancena*, Dora, Mamerto, A Sabina, Yuli, Moises
* not pictured
Margot belongs to the Virgen Asunta Communal Bank. In the photo Margo is standing and raising her hand. She represents her communal bank. She was born in the city of Calca. She is 45 years old, married, and has three children. Margot currently lives in the Hospitalpampa community, which is ten minutes from the main plaza in the city of Anta, Cusco-Peru.

Margot has a small store in her home. She opens the store at 5:30 in the morning, and she closes at 9:00 at night every day. Margot tells us that she also buys and sells livestock on Fridays at the Sabatina D. Tablada Fair in the city of Iniquilla.

Margot needs the loan to buy more food like sugar, noodles, rice, and much more.

Examples of the business activities of some of the members are selling food, selling groceries, selling firewood, selling dried grains, making blocks for home construction, selling vegetables, and selling livestock and raising small animals. On the other hand, some of them proviD. services like rural transportation, working for the municipality, and building houses.

The Vigen Asunta Communal bank has been functioning for six years. It is comprised of 13 members. The members are hard-working and enterprising. Every minute of the day they look for opportunities to get ahead. With daily effort they look to give their children a better future.

The meetings of the communal bank are every 30 days in Margo’s house in the Hospitalpampa community.
View original language description ↓
Margot pertenece al banco comunal “Virgen Asunta” y en la fotografía Margot está parada y levantando la mano, ella representa a su banco comunal, nació en la ciudad D. Calca, tiene 45 años D. edad, es casada y fruto D. esta unión tiene tres hijos. Actualmente, Margot vive en la comunidad D. Hospitalpampa que encuentra ubicada a 10 minutos D. la plaza principal D. la ciudad D. Anta, Cusco- Perú. Margot tiene una pequeña tienda en su domicilio, ella abre la tienda a las 5:30 D. la mañana y cierra a las 9 D. la noche todos los días. Margot nos cuenta que también venD. y compra ganado los días viernes en la feria sabatina D. “Tablada” D. la ciudad D. Intiquilla. Margot requiere el préstamo para comprar más comestibles como por ejemplo azúcar, fideos, arroz y muchas cosas más.

Su actividad económica D. algunos D. los socios es por ejemplos; venta D. comida, venta D. comestibles, venta D. leña, venta D. granos secos, venta y fabricación D. bloquetas para construcción D. casas, venta D. verduras, venta D. ganado y crianza D. animales menores en cambio otros brindan servicios como por ejemplo transportes rural, empleados en la municipalidad y construcción D. casas.

El banco comunal “Virgen Asunta” ya tiene 6 años D. funcionamiento y está conformado por 13 socios. Los socios son trabajadores y emprendedores que buscan a cada momento las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos. Las reuniones del banco comunal son cada treinta días en la en la casa D. la socia Margot en la comunidad D. Hospitalpampa.

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
  • 99
    View loans »
    Peru Loans Fundraising
  • $57,342,125
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Asunta Group's $4,425 loan helped a member to buy more food like sugar, noodles, rice, and many others.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2011
Listed
Feb 13, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011