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La Gran Alianza Group
In this Group: Belen , Cristina, Buenaventura , Meyer Diddy , Madeleyne , Rosa, Ricardina , Julio , Victor Hugo, Modesta , Isabel, Dominga *, Maria Antonieta*
* not pictured
This member belongs to communal bank "La Gran Alianza" ("The Great Alliance"). The bank is located in the district of Huanchac, in the province of Cusco, deparment of Cusco.
The member is young Meyer. He's 18 years old, single and works in an auto repair shop. During his free time, he attends the Senati Institute of higher studies. The member studies auto mechanics and with his work he pays for his education. On this occasion, the member wishes to purchase his learning materials and therefore continue to bolster his knowledge. In the future he intends to learn all about automobiles, set up his own shop and become a businessman. The member wants the loan in order to invest in his studies.
The other members are in various business such as food sales, grocery store, fruits and vegetables sales, among others.
The member pledges to make all of his repayments according to the schedule.
View original language description ↓
El socio Pertenece al banco comunal "LA GRAN ALIANZA"; Este banco se encuentra ubicado en el distrito de Huanchac en la porvincia de Cusco y departamento Cusco.

El socio es el joven Meyer; el tiene 18 años de edad, es soltero y se dedica trabajar en un taller mecanico e sus horas libres y paralelamente a esto lleva sus estudios en el instituto superior Senati, el socio estudio la carrera de maecanica automotriz, y con su trabjao el paga sus estudios y en esta ocasión el socio desea invertir en la compra de sus materiales de estudio y d eeste modo seguir reforzando sus conocimientos, els ocio a futuro desea aprender todo respecto a automoviles y poner su propio taller y convertirse en empresario. El socio solicita el prestamo para invertir en sus estudios. La socia Buenaventura esta a un costado de la foto porque ella estaba a cargo de la preparacion de bocaditos y llego tarde a ala reunion.
Los otros socios realizan diferentes actividades como venta de comidas, atencion de su tienda de abarrotes, venta de frutas y verduras, entre otros.

El socio se compromete en pagar todas sus cuotas en los plazos establecidos.

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
  • 102
    View loans »
    Peru Loans Fundraising
  • $55,238,100
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Gran Alianza Group's $2,250 loan helped a member to pay for his professional studies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2012
Listed
Jan 31, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012