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Solidaridad 2011 Group
In this Group: Emilia, Olinda , Lucinda, Amparo*, Ani Obdulia, Teresa, Karin Erick, Nelida, Frida, Maria Sara, Gretty
* not pictured
The members belong to the “Solidaridad 2011” communal bank located in Cusco District belonging to Cusco Province and Cusco Department.

Nélida, 25, has a spouse and two children. She alternates her daily chores with a furniture making business with her husband; they make various styles of easy chairs. Their shop is located at home. She’s been in this business a good amount of time and she supports her family through it. She is a dedicated, responsible person. She works to order for friends, family members and customers that request it.

She will use the loan to buy lumber to manufacture easy chairs. The other members buy and sell office supplies, buy and sell clothes, make cakes, for their children’s education, to service their cars and some work in construction.

She is grateful for the loan and commits to make her installment payments.
View original language description ↓
Los socios pertenecen al banco comunal “SOLIDARIDAD 2011”; Este banco se ubicado en el distrito de Cusco, perteneciente a la provincia de Cusco y departamento de Cusco.

La socia es la Sra. Nélida; ella tiene 25años de edad y es conviviente y tiene 02 hijos; La socia alterna sus actividades diarias con el negocio de mueblería ella elabora conjuntamente con su pareja diferentes modelos de sillones, su taller se encuentra ubicado en su mismo domicilio, la socia lleva buen tiempo en este negocio el cual mediante este la socia saca adelante a su familia, la socia es una persona empeñosa y responsable, la socia trabaja a pedido para sus amistades, familiares y clientes que le solicitan.

La socia solicita el préstamo para la compra de madera para elaborar sillones.

Los otros socios se dedican a la compra y venta de útiles de escritorio, compra y venta de ropa, elaboración de tortas, educación para sus hijos, mantenimiento de su carro, cados de construcción.

La socia agradece el préstamo y se compromete a cumplir con el pago de sus cuotas.

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
  • 91
    View loans »
    Peru Loans Fundraising
  • $56,011,725
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Solidaridad 2011 Group's $4,150 loan helped a member to buy lumber.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2012
Listed
Apr 24, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012