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Nueva Esperanza Group
In this Group: Marilu, Ruth Mery, Richar, Mery, Paulina, Luciano, Silverio, Carlos Cesar, Silvia, Alejandro*, Madeleyne, Lucio, Nivardo, Carmen Rosa, Henry Richard, Graciela, Yanet, Richard, Jose Luis, Celinda, Lucha
* not pictured
A group of friends and neighbors formed the communal bank "Nueva Esperanza" in the city of Cusco. This bank is made up of people who are always seeking new opportunities to get ahead. They work hard each day to provide a better future for their children. They have a variety of businesses, including: food sales, clothing sales, cosmetics sales, grocery sales and candy sales. Other members provide services such as car maintenance and transportation.

The member named Marilú is raising her hand in the picture. Marilú was born in Cusco province, and she lives in the same city where she was born. She is 19 years old and is single. Ever since she was 17, she's been selling clothing in a shopping center that is very popular with the residents of the city of Cusco. She started out by borrowing money from her older siblings and from her parents, and in this way launched her business selling clothing. Her business is going very well. She travels to the city of Lima to buy merchandise such as, for example, clothing for men, women and children. She buys clothing according to the season, for example, clothing for the start of the school season, clothing for Mother's Day, clothing for the Christmas holidays, and other holidays. At this time, Marilú needs a loan to buy merchandise such as: blouses, sweaters, and skirts for Mother's Day. Marilú tells us that she is studying for a degree in accounting at a private university, and it is going very well. Marilú's dream is to have her own shopping center and to buy a fleet of long-distance buses.

The members of this group appreciate the opportunity that they are being provided, and they pledge to make their payments according to their various payment schedules. (The members that appear in the photo at the bottom arrived late to the meeting.)

Cusco is located in the district, province and department of Cusco, in the heart of the ancient city of the Inkas. This city is known for its tourism, its archeological centers, its historic center, its countrysides, its history, and for being an enchanting city in the southern region of the country. Cusco is known for being an area with a lot of commerce and tourism, for its traditional "Inti Raymi" festival, and because it is the gateway to one of the 7 wonders of the world: Machu Picchu.
View original language description ↓
Un grupo de vecinos y amigos formaron el banco comunal “Nueva Esperanza” en la ciudad del Cusco, 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 ropa, venta de cosméticos, venta de abarrotes, venta de golosinas y otros brindan servicios como por ejemplo de mantenimiento de carros y transportes.

(La socia Marilú en la fotografía esta levantando la mano). La socia Marilú nació en la provincia de Cusco y vive en la misma ciudad donde nació, tiene 19 años de edad y es soltera. Marilú desde los 17 años se dedica a la venta de ropa en un centro comercial muy concurrido por los pobladores de la ciudad del Cusco, ella empezó prestándose dinero de sus hermanos mayores y de sus padres y así empezó el negocio de la venta de ropa y le va muy bien, ella viaja a la ciudad de lima a comprar mercadería como por ejemplo ropa para niños, damas y caballeros, ella compra ropa dependiendo a la temporada por ejemplo compra ropa para la campaña escolar, compra ropa para la campaña por el día de la madre, compra ropa para las fiestas de navidad y otras festividades. En esta oportunidad Marilú requiere el préstamo para comprar mercadería como blusas, chompas, faldas para estas fiestas por el día de la madre. Marilu tambien nos cuenta que estudia la carrera profesional de contabilidad en una universidad privada y que le está yendo muy bien. El sueño de Marilú es tener una galería propia y comprar una flota de buses interprovinciales.

Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos. (Los socios que aparecen en la parte inferior de la fotografía llegaron tarde a la reunión).

Cusco está ubicado en el distrito y provincia del Cusco del departamento del Cusco en pleno corazón de la antigua ciudad de los Incas y se caracteriza por ser una zona turística por sus centros arqueológicos por su centro histórico por sus paisajes por su historia y siendo una ciudad encantadora de la Región del Sur del país. Cusco es conocido por ser una zona muy turística, comercial, 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
  • 55
    View loans »
    Peru Loans Fundraising
  • $55,923,400
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Group's $6,175 loan helped a member to buy merchandise such as blouses, sweaters and skirts for Mother's Day.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2012
Listed
May 12, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012