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Antonieta's Group
In this Group: Antonieta, Aydee Martina, Zoraida, Olga, Sabina, Edwin, Maria Del Pilar, Wilintong, Nelida Nancy*, Ever Elixban*, Gloria
* not pictured
A group of neighbors and friends formed the communal bank "Jesús Divino Amor" (Jesus Divine Love) in the city of Cuzco. This communal bank is comprised of people who, in every moment, seek opportunities to get ahead, and through their daily efforts to achieve a better future for their children. The economic activities of the members include, for example: the sale of food, clothes, leather goods, and sweets. Others provide services such as the maintenance of cars and other vehicles of transport.

One member, Antonieta, was born in the Quispicanchis province of the Sicuani district, but now lives in the city of Cuzco. She is forty-five years old and has a common-law marriage from which she has two children. Antonieta makes her living preparing cakes. She has a small oven where she makes delicious stews. At this moment, she needs the loan to buy ingredients such as flour, sugar, lard, milk, butter, and various other things.

The members in general are grateful for the opportunity provided and they promise to comply with the payment of their various debts within the established periods. (The members that appear in the lower part of the photograph arrived late to the meeting).

Cuzco is located in the district and province of Cuzco in the "departamento" of Cuzco in the heart of the ancient city of the Incas. It is characterized as a tourist attraction for its archeological centers, its historical district, its landscapes, its history, and for being an enchanting city of the southern region of the country. Cuzco is known for being a very commercial, tourist area, for its traditional celebration of Inti Raymi, and for being the location of one of the seven wonders of the world, "Machupichu."
View original language description ↓
Un grupo de vecinos y amigos formaron el banco comunal “Jesús Divino Amor” 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 cueros, venta de golosinas, venta de golosinas y otros brindan servicios como por ejemplo de mantenimiento de carros y transportes.

La socia Antonieta nació en la provincia de Quispicanchis en el distrito de Sicuani pero actualmente vive en la ciudad del Cusco, tiene 45 años de edad y tiene una relación de unión libre de la cual tiene dos hijos. Antonieta se dedica a la preparación de pasteles, ella tiene un pequeño horno donde prepara sus ricos potajes, ella en esta oportunidad requiere el préstamo para comprar insumos como por ejemplo harina, azúcar, manteca, leche, mantequilla 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. (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
  • 65
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Antonieta's Group's $4,075 loan helped a member to buy ingredients such as flour, sugar, lard, milk, butter, and other such things.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2012
Listed
May 12, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012