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San Gregorio De Yucay Group
In this Group: Martha, Nancy Juana, Saturnina*, Eufemia Doris, Nora, Alejandro Vilbao, Alejandrina, Nicanor Gregorio*, Dominga, Maxima, Naida, Reinaldo
* not pictured
The members belong to the “San Gregorio D. Yucay” Communal Bank located in the district of Yucay, province of Urubamba, department of Cusco.

The member is Mrs. Martha; she is 27 years old and lives with her partner and 2 children. She sells her paintings of typical scenes from the city of Cusco and handicrafts like sweaters, necklaces, shawls and earrings. She sells her items in different markets that are in the districts of Pisaq y Ollantaytambo and works from 7:00 a.m.to 4:00 p.m. Through her businesses she is able to give her children a better future. Mrs. Martha would like to expand and improve her painting and craft business. She needs the loan to buy painting materials like brushes, paints and pencils.

The other members of the communal bank have a restaurant, a vegetable stall, a chocolate stall, and a handicraft business.

The member is grateful to those who are a part of making her dream a reality and is committed to meet her payment quotas on the time.

View original language description ↓
Los socios pertenecen al banco comunal “SAN GREGORIO D. YUCAY”; Este banco se ubicada en el distrito D. Yucay, perteneciente a la provincia D. Urubamba y departamento D. Cusco.

La socia es la Sra. Martha; ella es conviviente y tiene 27 años y tiene 2 hijos; La socia trabaja con su negocio D. venta D. pinturas y artesanía, ella pinta cuadros típicos D. la ciudad D. la ciudad del Cusco y también venD. artesanía como chompas,collares,chalinas y aretes, ella venD. en las distintas ferias que se dan en los distritos D. Pisaq y Ollantaytambo, la socia trabaja desD. las 7:00 a.m hasta las 4:00 p.m,por medio D. estos negocios la socia saca adelante a sus hijos, la socia quiere ampliar y mejorar el negocio D. venta D. pinturas y artesanía. La socia solicita el préstamo para comprar materiales para pintar pinceles, temperas y lápices.


Los otros socios se dedican al negocio D. restaurant, venta D. verduras, negocio D. venta D. chocolates, negocio D. venta D. artesania.

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

  • $6,715
    Average annual income
  • 77
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of San Gregorio De Yucay Group's $3,025 loan helped a member buy painting materials like brushes, paints and pencils.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2011
Listed
May 24, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011