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Munay Soncco Group
In this Group: Dennis Josue , Yessenia, Norma, Rosbel, Katty, Teresa*, Wilber, Ruth Marese, Marco Antonio, Maria, Eduardina, Julia, Beatriz
* not pictured
The member belongs to the “Munay Soncco” communal bank located in Wanchaq District in Cusco Province and Cusco Department

Eduardina, 22, has a spouse and two children. She alternates her daily chores with a grocery store business; she sells various types of products like rice, sugar, milk, snacks and soft-drinks, among others. At the same time she runs a food selling business but only in the morning in one of Cusco’s markets. She tends to her grocery store in the afternoons and it’s her husband who looks after the store in the morning while she’s selling the food her customers request. She is a very dedicated, responsible person who very much wants to get ahead day to day since this is the way she moves her family ahead. She is asking for the loan to buy merchandise for her store like rice, sugar, milk, snacks and soft-drinks, among others.

The other group members are fruit merchants, farm products merchants, provide urban taxi service, bakery and grocery store.

She is grateful for this means of getting credit and commits to make her payments.
View original language description ↓
La socia pertenece al banco comunal MUNAY SONCCO; este banco está situado en el distrito de Wanchaq en la provincia de Cusco departamento de Cusco.

La socia Eduardina tiene 22 años es conviviente y tiene 2 hijos; la socia alterna sus actividades diarias con el negocio de tienda de abarrotes ella vende diferentes tipos de productos como arroz, azúcar, leche, golosinas, gaseosas entre otros, a la vez la socia se dedica al negocio de venta de comida ella ejerce este negocio solo en las mañanas en un mercado en la ciudad de Cusco y por las tardes atiende su tienda de abarrotes siendo su esposo quien le ayuda por las mañanas en la tienda de abarrotes mientras la socia vende la comida a sus clientes que le solicitan, la socia es una persona empeñosa y responsable con muchas ganas de salir adelante día a día siendo de esta manera que la socia saca adelante a su familia.

La socia solicita el prestamo para la compra de mercaderia para su tienda de abarrotes como arroz, azucar, leche, golosinas,gaseosas entre otros.

Los otros socios se dedican a la compra y venta de fruta, compra y venta de productos agrícolas, brindando servico de taxi y urbano, panadería,tienda de abarrotes .

La socia agradece este medio por el cual le facilita el crédito y se compromete a cumplir con los pagos.

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
  • 44
    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 Munay Soncco Group's $2,975 loan helped a member to buy stock merchandise for her store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2012
Listed
Mar 30, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012