Check out some available loans that are similar to this one!
Jardines De La Luz Group
In this Group: Jacinto , Marcos , Maria Antonieta, Pedro , Marco , Rene , Norberto *, Maximiliano
* not pictured
This member belongs to the communal bank "JARDINES DE LA LUZ" which, because it is new, is a small group just starting to obtain loans and hoping to grow. It is located in the city of Cusco in the district of Poroy, inside a cemetery by the same name in the province and department of Cusco.

One of the members, Maria Antonieta, is 34, single and has three children: a daughter who is 18, a son who is 8 and daughter who is 6. In the cemetery she rents a coffee shop where she sells sandwiches, softdrinks, sodas, cakes, coffee, tea and other items. She is in need of a loan to help her daughter in a new business. Her daughter has taken "trufan" ( ribbon-tying) and floral arrangement classes in the city of Lima. They will both share business space and the mother will buy a display case. Trufan is a material used to make bows, wrappers and ribbons for flower bouquets. The member will be in charge of making the different floral arrangements and will exhibit them in her space. This is a new type of business at this cemetery since there is no nearby floral shop. The loan will be used to buy display cases for her daughter's business and to buy trufan and other materials for floral arrangements.

The other members are cemetery workers who have different jobs such as plot maintenance, grave and burial workers and everything related to this work.

The member is very grateful for the loan and committed to paying it back on time as she has done with previous loans.
View original language description ↓
La socia pertenece al banco “JARDINES DE LA LUZ”; este banco comunal es nuevo y por eso es un pequeño grupo que esta iniciándose en créditos comunales y desean crecer; este banco se encuentra ubicado en la ciudad del Cusco en el distrito de Poroy; en el mismo cementerio llamado igual que el banco comunal en la Provincia de Cusco, en el Departamento de Cusco.
La socia Maria Antonieta; es soltera y tiene 34 años de edad; la socia tiene 3 hijos la mayor que es mujer de 18 años de edad, la otro es de 8 años de edad y es varón y la última de 6 años de edad y es mujer. La socia trabaja en el cementerio en un cafetín propio, ella alquila este cafetín y vende sándwich, refrescos, gaseosas, tortas, kekes, café, mates, te filtrantes entre otros; La socia desea en esta ocasión invertir el crédito para apoyar a su hija en su nuevo negocio, la hija mayor de la socia ha hecho clases de trufan en la ciudad de Lima y todo tipo de arreglo floral, la socia compartirá el espacio con su mama y comprara vitrinas, trufan es un material para hacer moños, cajas, cintas para los ramos de flores, la socia se encargara de la elaboración de diversos arreglos florales y los exhibirá en su espacio, este negocio es muy novedoso en este cementerio, ya que no cuenta con ninguna florería cercana. La socia invertirá el préstamo en el negocio de sus hija que comprara vitrinas de exhibición y trufan mas otros materiales para la elaboración de arreglos florales.
Los otros socios son trabajadores del cementerio encargados de diferentes labores, como el mantenimientos de los nichos, escavar la tierra, enterrar y todo lo referente a esta labor, ellos desea invertir sus préstamo en víveres, transporte, uso personal de vivienda.
La socia agradece y valora el préstamo mediante este medio y se compromete a cumplir disciplinadamente como lo ha ido haciendo con sus anteriores créditos.

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
  • 105
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Jardines De La Luz Group's $1,575 loan helped a member to buy display cases and material for floral arrangements for her daughter's business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2011
Listed
Sep 26, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012