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Las Orquídeas Group
In this Group: Gerarda Yony, Roxana Fany, Edgar, Luisa, Luz Marina, Carmen Luz, Rosa, Denisse Enma, Yuly Lisbeth, Maria Magdalena, Delia, Teresa, Josefina, Adolfo Alexander
Sra. Yony was born in the city of Cusco and still lives there. She has been a widow for 18 years and looks after her two children with great care. Yony is a responsible, friendly, and hardworking mother who sells food as a street vendor. She is at her vending stall between the hours of 9am and 3pm, Monday through Saturday. In addition, she sells “ceviche” (marinated seafood) on Sundays on the doorstep of the Simón Bolivar School in the city of Cusco. Yony has been in business for 17 years and has done very well as a result of the effort she puts into her work. She is taking this opportunity to request a loan so that she can buy an industrial gas stove.


(In the photograph, Yony is the woman raising her hand.)


In the Department of Cusco, the capital city of Cusco has been known for many years as the “Archaeological Capital of the Americas”. The Communal Bank “Las Orquídeas” (The Orchids) meets every 30 days at the central offices of Asociación Araiwa in Cusco. This Communal Bank consists of hardworking and enterprising individuals who take every moment to find opportunities to get ahead. Through their daily efforts, they are able to provide a better future for their children. Most of the members live in the city of Cusco. Some examples of their business activities include selling food, selling grain, selling juices, and selling herbal medicines.

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(En la fotografía la socia Yony está levantando la mano).

La señora Yony nació en la ciudad del Cusco y vive en la misma ciudad donde nacio, ella desde hace 18 años que es viuda y con mucho esmero se dedica a sus dos hijos. Ella es una madre responsable, amable y trabajadora que se dedica a la venta de comida de forma ambulatoria y la podemos encontrar desde las 9 de la mañana hasta las 3 de la tarde de lunes a sábado en su puesto de venta. También, ella vende ceviche los días domingos en la puerta del colegio Simón Bolívar en la ciudad del Cusco. Ya son 17 años que tiene el pequeño negocio y le va muy bien gracias al empeño que pone en su trabajo. Yony en esta oportunidad requiere el préstamo para comprar una cocina industrial a gas.

En el departamento del Cusco, capital Cusco conocido desde hace muchos años como la "Capital Arqueológica de América", se reúnen cada treinta días las socias del Banco Comunal “Las Orquídeas” en la oficinas central de la Asociación Arariwa, Cusco (Perú). Banco comunal está conformado por personas que 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. La mayoría de los socios viven en la ciudad del Cusco (Perú) y sus actividades económicas de los demás socios son por ejemplo venta de comida, venta de granos, venta de jugos y venta de hierba medicinales.

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
  • 35
    View loans »
    Peru Loans Fundraising
  • $54,501,725
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Orquídeas Group's $4,350 loan helped a member to buy an industrial gas stove.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 4, 2011
Listed
Aug 21, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012