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Primero De Mayo Group
In this Group: Maria , Eufracia , Cirila , Eufracia, Honorato *, Rolando, Martin *, Raul , Antonia , Marcelino
* not pictured
The partner belongs to the communal bank "PRIMERO DE MAYO" [First of May]. The partner lives in the district of Huanchac, in the province of Urubamba, in the department of Cusco.

The member is Eufracia. She is 38 years old. She lives with her partner and has four children. She alternates her activities of the home. She works helping her spouse in the carpentry workshop that he has. She supports her partner by varnishing and polishing jobs that are already finished. She also deals with sanding and putting knobs and accessories on different forms of furniture. She also raises young animals like farm-yard birds (chickens), guinea pigs, and pigs. She sells the small animals when they reach maturity. She is asking for the loan to invest in the purchase of young animals and in this way increase her sales.

The partners raise young animals, sell ice-cream, have a grocery store, sell food, and sell vegetables.

Eufracia values and and is infinitely grateful for the loan that they will grant her. In this way she will be able to improve her quality of life. She promises to follow through with the payment of her dues in the established location.
View original language description ↓
La socia pertenece al banco comunal “PRIMERO DE MAYO”; La socia vive en el distrito de Huanchac; en la provincia de Urubamba, Departamento del Cusco.

La socia Eufracia 38 años de edad y La socia es conviviente y tiene 4 hijos; La socia alterna sus actividades del hogar; la socia trabaja ayudando a su conyugue en la carpintería que él tiene, la socia apoya a su pareja en cuanto a los acabados ella barniza, pule los trabajos ya terminados, también se encarga de lijar, poner perillas, accesorios a los diferentes muebles. La socia también se dedica a la crianza de animales menores así como aves de corral (gallinas, pollos), cuyes y chanchitos. La socia vende los animalitos cuando estos alcanzan su periodo de madures. La socia solicita el préstamo para invertir en la compra de animales menores y así incrementar sus ventas.

Los socios se dedican a la crianza de animales menores; a la venta de helados, a la atención de una tienda de abarrotes, a la venta de comidas, a la venta de verduras.

La socia valora y agradece infinitamente el crédito que le otorgarán y de este modo podrá mejorar su calidad de vida, así mismo se compromete a cumplir con el pago de sus cuotas en el plazo estipulado.

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
  • 129
    View loans »
    Peru Loans Fundraising
  • $57,372,500
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Primero De Mayo Group's $875 loan helped a member to buy young animals and increase their sales.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2011
Listed
Jun 3, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011