Check out some available loans that are similar to this one!
El Gran Poder Group
In this Group: Josefa, Saby Clorinda, Silvia, Daniel Serapio, Ana Haydee, Juana Rosa*, Maria Cristina*, Karla Ximena, Juan Junior, Yonny Eneida, Gissella
* not pictured
The “El Gran Poder” (The Great Power) communal bank belongs to Asociación Arariwa and has 9 female and 2 male members. The communal bank meets every thirty days and all members must attend scheduled meetings. Most of the members are neighbors and friends living in the city of Cusco.

(The person raising her hand in the photo is the member, Josefa).

The members are workers and entrepreneurs who seek opportunities to get ahead at every moment and with their daily efforts provide a better future for their children. Most of the members carry out a variety of economic activities like crafts sales, food sales and others provide services.

Josefa is 45 years old, married and has two children. She was born in the city of Cusco and still lives there. Josefa’s main economic activity is selling clothes like pants, shirts, blouses, jackets, polo shirts and other things. On this occasion, Josefa needs a loan to buy more merchandise. Her dream is that her children become professionals.

(The members who appear at the bottom of the photograph asked permission on the day of the meeting.)
View original language description ↓
El banco comunal “El Gran Poder” es un banco comunal que pertenece a la Asociación Arariwa y está conformado por 9 mujeres y 2 varones. Sus reuniones del banco comunal son cada treinta días y todas las socias tienen que estar presentes en las reuniones programadas. La mayoría de los socios son vecinos y tienen una buena amistad y viven en la ciudad del Cusco.

(La persona que aparece en la fotografía levantando la mano es la socia Josefa).

Los socios 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 se dedican a diferentes actividades económicas como venta de artesanía, comestibles y otros brindan servicios.

La socia Josefa tiene 45 años, es casada y frutos de esta unión tiene dos hijos, ella nació en la ciudad del Cusco y vive en la misma ciudad. Su actividad económica principal de Josefa es la venta de ropa como por ejemplo pantalones, camisas, blusas, casacas, polos y otras cosas más. En esta oportunidad Josefa requiere el préstamo para comprar más mercadería. Su sueño de Josefa sacar profesionales a sus hijos.

(Las socias que aparecen en la parte inferior de la fotografía pidieron permiso el día de la reunión).

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
  • 35
    View loans »
    Peru Loans Fundraising
  • $54,528,450
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Gran Poder Group's $3,225 loan helped a member to buy more merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2012
Listed
Mar 20, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012