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Sumac Maki Group
In this Group: Katia Marilyn, Maria Cristina, Carmen Vicenta, Luzmila, Nely, Deysi, Leoncia, Javier , Arturo, Clever*, Delia Elsa, Emeteria Edilma
* not pictured
These members belong to the group called “Sumac Maki” which is located in the District, Province, and Department of Cusco.


Sra. Katia Marilyn is 32 years old, single, and has two children. She works in her own crafts business where she makes articles out of wool such as scarves, sweaters, and shirts. Katia sells her goods as a street vendor and works between the hours of 8am and 7pm. Through her business, she has been able to help her children move forward. Katia wants to expand her business of selling crafts, so she is requesting a loan to buy handicrafts in bulk. She will also buy wool for knitting sweaters and scarves.


The other members engage in businesses such as selling handicrafts, operating an auto repair shop, selling fruit, selling machinery, and selling groceries.


Katia is grateful for being part of her group and for being able to fulfill her dream in this manner. She promises to complete her payments according to the established terms.

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

La socia es la Sra. Katia Marilyn; ella es soltera y tiene 32 años y tiene 2 hijos; La socia trabaja con su negocio D. venta D. artesanía, ella hace trabajos D. lana como chalinas, chompas y polos, ella venD. en forma ambulatoria, la socia trabaja desD. las 8:00 a.m hasta las 7:00 p.m, por medio D. este negocio la socia saca adelante a sus hijos, la socia quiere ampliar el negocio D. venta D. artesanía. La socia solicita el préstamo para comprar artesanía al por mayor y también para comprar lana para tejer las chompas y chalinas.


Los otros socios se dedican al negocio D. venta D. artesanía, negocio D. taller D. mecánica, negocio D. venta D. frutas, negocio D. venta D. maquinaria, negocio D. tienda D. abarrotes.


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

  • $12,000
    Average annual income
  • 94
    View loans »
    Peru Loans Fundraising
  • $57,998,275
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Sumac Maki Group's $3,700 loan helped a member to buy handicrafts in bulk to sell and wool for knitting sweaters and scarves.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2011
Listed
Aug 22, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011