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Virgen Asunta Group
In this Group: Francisca, Silvestre, Marylin, Cinthia, Dagmar Margot, Dora, Mamerto, Yuli, Brigida, Luis, Cirila, Eduardo*, Denisse, Vicentina
* not pictured
(In the photograph, the group member Francisca is raising her hand.) Señora Francisca, who is 30 years old, was born in the province of Paruro (Cusco) and now lives in the community of Hospitalpampa in the Anta district in Anta province of the department of Cusco. Twenty-two years ago she settled in the community where she now carries out her business activities.

Francisca makes blocks. (A block is a prefabricated unit, made with fine cement or mortar, used in the construction of walls.) She also sells construction materials, such as crushed stone, gravel, and fine sand. She has already been in this business for six years, and it is going very well for her thanks to the effort that she puts into her work. At this time Francisca needs a loan to buy more materials, such as bags of cement. (A bag of cement costs about 23 PEN.) Francisca sometimes buys bags of cement wholesale in the city of Cusco, which is cheaper for her, and at other times she buys a few bags of cement in shops in her district so that she won't be without working materials.

The meetings of the members of the communal bank "Virgen Asunta" are held every month in the community of Hospitalpampa in the home of one of the members. The communal bank is made up of people who are workers and entrepreneurs and who are always looking for opportunities to advance and, with their daily effort, give their children a better future. The majority of the members live in the community of Hospitalpampa, and the businesses of the other members include, for example, food sales, grain sales, cosmetic sales, meat sales, raising small animals, selling vegetables, and selling herbal medicines.

The community of Hospitalpampa is located 45 minutes by car from the city of Cusco. Cusco has been known for many years as the "Archaeological Capital of America."
View original language description ↓
(En la fotografía la socia Francisca está levantando la mano).

La señora Francisca, tiene 30 años de edad, nació en la provincia de Paruro (Cusco) y ahora vive en la comunidad de Hospitalpampa distrito de Anta de la provincia de Anta del departamento del Cusco, ella radica hace 22 años en la comunidad y donde realiza sus actividades económicas.

Francisca se dedica a la elaboración de bloquetas (Un bloque es un mampuesto prefabricado, elaborado con hormigones finos o morteros de cemento, utilizado en la construcción de muros y paredes.) . También, Fransisca se dedica la venta de materiales de construcción como por ejemplo piedra chancada, bolsas de cemento, confitillo y arena fina. Ya son seis años que se dedica a este negocio y le va muy bien gracias al empeño que pone en su trabajo. En esta oportunidad Francisca requiere el préstamo para comprar más materiales como por ejemplo bolsas de cementos (Una bolsa cemento cuesta aproximadamente s/. 23.00 nuevos soles). Francisca en algunas ocasiones compra bolsas de cemento por mayor en la ciudad del Cusco pues le resulta más barato y en otras veces compra unas cuantas bolsas de cemento de tiendas de la zona para no quedarse sin materiales de trabajo.

Las reuniones de las socias del Banco Comunal “Virgen Asunta” son cada treinta días en la comunidad de Hospitalpampa en la casa de unas de las socias. El 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 comunidad de Hospitalpampa y sus actividades económicas de los demás socios son por ejemplo venta de comida, venta de granos, venta de cosméticos, venta de carne, crianza de animales menores, venta de verduras y venta de hierba medicinales. La comunidad de Hospitalpampa se encuentra ubicada a 45 minutos en carro de la ciudad del Cusco. Cusco es conocido desde hace muchos años como la "Capital Arqueológica de América".

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 Virgen Asunta Group's $3,850 loan helped a member to buy more building materials, for example, bags of cement.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 12, 2011
Aug 22, 2011
Currency Exchange Loss:
Mar 15, 2012