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Virgen Del Carmen Group
In this Group: Salome, Inar*, Solia, Mery Luz, Augusta, Hilda, Reyna, Graciela, Ruth Karina, Martha, Hector, Encarnacion, Anastacia, Sabino, Juana
* not pictured
The members belong to the “Virgen del Carmen” Communal Bank, located in the district and province of Urubamba in Cusco department.

Salome is married and 55 years old with 6 children. She makes and sells 'chicha' (a home-brew maD. from corn), and also has cultivated land where she sows corn, cabbage, and 'asnapa' (an herb). She sells her crops in the market at Urubamba and her chicha in the village of Huayocari. Salome wants to expand both her crops and her chicha business. She requests a loan to buy corn and the special 'jora' corn used in making chicha, and also fertilizers for her cultivated land.

The other members sell vegetables, practice agriculture, sell meat, work as laborers, and raise cattle.

The members are grateful for all who form a part of their dreams by this means, and they promise to comply with their payments as scheduled.
View original language description ↓
Los socios pertenecen al banco comunal “VIRGEN DEL CARMEN”; Este banco se ubicada en el distrito D. Urubamba, perteneciente a la provincia D. Urubamba y departamento D. Cusco.

La socia es la Sra. Salome; ella es casada y tiene 55 años y 6 hijos; La socia trabaja en su negocio D. venta D. chicha (bebida a base D. maíz) y también tiene una tierra D. cultivo donD. siembra maíz, repollo y asnapa y lo venD. en el mercado D. Urubamba y la chicha lo venD. en el poblado D. Huayocari,la socia quiere ampliar el negocio D. venta D. chicha y venta D. maíz, repollo y asnapa. La socia solicita el préstamo para comprar maíz y jora para preparar la chicha y algunos fertilizantes para sus tierras D. cultivo.

Los otros socios se dedican la venta D. verduras, agricultura, venta D. carne, obrero y ganadería.

La socia agradece a quienes forman parte D. este sueño mediante este medio y se compromete a cumplir con el pago D. 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
  • 177
    View loans »
    Peru Loans Fundraising
  • $60,191,850
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Carmen Group's $4,325 loan helped a member to buy corn to prepare chicha, a local beer, and to buy fertilizers for her cultivated land.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Apr 6, 2011
May 5, 2011
Currency Exchange Loss:
Nov 15, 2011