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Rio Vilcanota Group
In this Group: Rosario, Roxana*, Concepcion, Francisco, Alexandra, Yudith, Katty, Dina, Ricardo, Hector
* not pictured
The members belong to the communal bank "RIO VILCANOTA". This bank is located in the district of Pisaq, belonging to the providence of Calca and department of Cusco.

One member is Rosario; she has a live-in partner, is 29 years old and has 3 children. The member works in her business of selling handicrafts. She sells sweaters, dolls, pants, and key-rings in the main plaza of Pisaq. She works from 8:00 a.m. till 5:00 p.m. Through this business she is able to advance her children. She wants to expand and improve her business of selling handicrafts. The member is requesting the loan to buy handicrafts such as sweaters, pants, key-rings and dolls at wholesale.

The other members have a restaurant, sell handicrafts, run a grocery store, and sell corn, vegetables, and fruit.

The member thanks those who form part of this dream through this medium and she promises to fulfill her repayments in the period of time established.
View original language description ↓
Los socios pertenecen al banco comunal “RIO VILCANOTA”; Este banco se ubicada en el distrito de Pisaq, perteneciente a la provincia de Calca y departamento de Cusco.

La socia es la Sra. Rosario; ella es conviviente y tiene 29 años y tiene 3 hijos; La socia trabaja con su negocio de venta de artesanía, la socia vende chompas, muñecas, pantalones y llaveros, la socia vende en la plaza de armas de Pisaq, ella trabaja desde las 8:00 a.m hasta las 5:00 p.m, por medio de este negocio la socia saca adelante a sus hijos, la socia quiere ampliar y mejorar el negocio de venta de artesanía. La socia solicita el préstamo para comprar artesanía como chompas, pantalones, llaveros y muñecas al por mayor.

Los otros socios se dedican al negocio de restaurant, negocio de venta de artesanía, negocio de tienda de abarrotes, negocio de venta de maíz, negocio de venta de verduras y negocio de venta de frutas.

La socia agradece a quienes forman parte de este sueño mediante este medio y se compromete a cumplir con el pago de 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
  • 93
    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 Rio Vilcanota Group's $3,725 loan helped a member to buy handicrafts such as sweaters, pants, key-rings and dolls at wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2011
Listed
Dec 5, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012