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Virgen De La O Group
In this Group: Matilde , Fabian , Higidia, Teodora *, Hortencia, Ceferina, Nely , Liz Eveling , Rosslinda, Jesusa
* not pictured
The member belongs to the Virgen D. La O communal bank; the bank is located in the Yucay district, Urubamba province, Cusco department.

The member is Mrs. Higidia; she is 57 and married. She has 6 children. She works in agriculture and retail. She has a plot of land on which she produces corn for export. She generally has clients to whom she directly sells all of her white corn crop. White corn is a large, sweet grain. She works her land, which is located in Tarabamba. Two of her children are independent and the other 4 still depend on her. She usually invests her income from her crops in her children's studies, in the purchase of household supplies, and other items. She needs this loan to invest in the purchase of seeds, fertilizers and a tractor which will till the land to prepare for the new corn crop. She is requesting to purchase seeds, to pay for the tractor that prepares the land, and to purchase the fertilizer for the new crop of white corn.

The other members work in agriculture; sell corn and dry products; raise small animals; and teach.

The member is grateful for the support provided and also promises to be disciplined with the repayments of the quotas.

The small photograph is of Hortencia, who had permission to arrive late to the group meeting. At the moment that she came the other 5 members had already left.
View original language description ↓
La socia pertenece al banco comunal “VIRGEN D. LA O”; el banco se encuentra ubicado en el Distrito D. Yucay, en la Provincia D. Urubamba y Departamento D. Cusco.

La socia es la señora Higidia; la socia es casada y tiene 57 años D. edad, la socia tiene 6 hijos; la socia trabaja en la agricultura y comercio minorista; la socia tiene un terreno en el cual produce maíz D. exportación, generalmente ella cuenta con sus clientes a los que directamente les venD. toda la producción D. maíz blanco D. primera, son granos grandes y dulces, la socia trabaja su terreno situado en Tarabamba, la socia tiene dos D. sus hijos independientes y los otros 4 aún dependen D. ella, la socia suele invertir la ganancia D. sus producto en los estudios D. sus hijos, en la compra D. víveres para el hogar y otros, la socia requiere el crédito para invertir en la compra D. semillas, abonos y el tractor que removerá la tierra para prepara la nueva siembra D. maíz. La socia solicita comprar semillas, pagara el tractor que preparara la tierra y comprar el abono para la nueva siembra D. maíz blanco.
La fotografia adjuntada ala foto grupal pertenece a la socia Hortencia y se anexo al grupo poruqe ella tenía permiso D. llegar tarD. y al momento en el que ella se hizo precente ya 5 socios se habian retirado del grupo.

Los otros socios se dedican a la agricultura, venta D. maíz y productos secos, a la crianza D. animales menores, a la docencia.

La socia agradece el apoyo que se le otorgara y así mismo se compromete a cumplir D. manera disciplinada con los pagos D. las cuotas.

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
  • 95
    View loans »
    Peru Loans Fundraising
  • $57,975,725
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De La O Group's $3,400 loan helped a member to purchase seeds, pay for the tractor that prepares the land, and purchase the fertilizer for the new crop of white corn.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 8, 2011
Aug 22, 2011
Currency Exchange Loss:
Mar 15, 2012