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Dulce Nombre De Jesus Group
In this Group: Ruth Anany, Margot, Georgina, Gregorio*, Luz Ana, Patricia, Judith Maritza*, Alejandro, Francisca, Yohanna Datmen, Maritza, Matilde, Magali, Georgina*, Gregorio, Melchora, Lorenza, Mery Ingrid, Hilda
* not pictured
A group of neighbors in the city of Cusco formed the Communal Bank “Dulce Nombre de Jesús” (The Sweet Name of Jesus). This communal bank has been in operation for a few years now and is very well organized. The group is formed by members who are always looking for opportunities to get ahead, and with their daily efforts, offer their children a better future. The economic activities of the members are the following: food sales, shoe sales, arts and crafts sales, mattress sales, animal husbandry, chicken sales, cosmetic sales and services such as sewing and transportation.

One of the members, Ruth, was born in the Cusco district of the province of Cusco and lives in the same city she was born. Ruth is 35 years old and has a son with her partner. Ruth alternates her household duties with her business providing sewing services. She has a little shop where she does all kinds of different sewing jobs, like basting, mending, sewing and other things. She’s been doing it for 10 years and it’s been going very well thanks to the hard work she puts into it.

Ruth is requesting this loan to buy work materials, such as thread, fabric, buttons and other items.

The members are grateful for the opportunity that they have been given and they promise to meet their payments in the required time.

Cusco is well situated in the district and province of Cusco in the heart of the ancient Incan city. Cusco is characterized by its tourist area, archeological centre, historic centre, for its landscapes, history, the traditional celebration of Inti Raymi and because there you will find one of the 7 wonders of the world: Machupicchu.
View original language description ↓
Un grupo de vecinos y amigos formaron el banco comunal “Dulce Nombre de Jesús” en la ciudad del Cusco. Ya son varios años que funciona el banco comunal y está muy bien organizado. Este banco comunal está conformado por personas que buscan a cada momento las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos. Las actividades económicas de los socios son por ejemplo; venta de comida, venta de zapatos, venta de artesanía, venta de colchones, crianza de animales, venta de pollos, venta de cosméticos y otros se dedican a brindar servicios de costura y transportes.

La socia Ruth nació en el distrito Cusco del departamento Cusco y vive en la misma ciudad donde nació, tiene 35 años de edad y tiene una relación de unión libre de la cual tiene un hijo. Ruth alterna sus que actividades del hogar con el negocio de brindar servicio de costura, ella tiene un pequeño taller donde realiza todo tipo de trabajo como por ejemplo levantar basta, remallar, coser y otras cosas más. Ya son diez años que se dedica a este servicio y le va muy bien gracias al empeño que pone en su trabajo. En esta oportunidad Ruth requiere el préstamo para comprar materiales de trabajo como por ejemplo hilos, telas, botones y otras cosas más.

Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos.

Cusco está ubicado en el distrito y provincia del Cusco del departamento del Cusco en pleno corazón de la antigua ciudad de los Incas. Cusco se caracteriza por ser una zona turística, por sus centros arqueológicos, por su centro histórico, por sus paisajes, por su historia, por su fiesta tradicional del Inti Raymi y porque se encuentra una de las siete maravillas del mundo “Machupicchu”.

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
  • 111
    View loans »
    Peru Loans Fundraising
  • $56,074,975
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Dulce Nombre De Jesus Group's $6,200 loan helped a member buy work materials, such as thread, fabric, buttons and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2012
Listed
Apr 30, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012