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Virgen De Las Nieves Group
In this Group: Ilda*, Rocio, Maria Elena, Magdalena , Yovana, Juana, Juana Vilma , Julissa, Ronald, Julio Cesar
* not pictured
Juana Vilma is a member of the communal bank "Virgen de Las Nieves"; this communal bank is located in the district of Wanchaq in the province of Cusco of the Cusco region.

Juana Vilma, 74, is a widow and has four children. She alternates her activities between her daily tasks and her restaurant business which is located in her own home. She has had this business for years and with it she and her family have gotten ahead. She cooks a variety of dishes such as rice with chicken, Peruvian steak and potatoes stir-fry, and soups among other things. She is a very happy and responsible person eager to get ahead and continue working.

She is requesting this loan to buy supplies for the preparation of food such as rice and oil.

The other members of the communal bank make their living buying and selling shoes, selling crafts, as a seamstress, renting construction machinery, selling sea food, and selling food.

She is grateful for the intermediary that facilitates this loan and she agrees to comply with the payments.
View original language description ↓
La socia perteneces al banco comunal VIRGEN DE LAS NIEVES; este banco está situado en el distrito de Wanchaq en la provincia de Cusco departamento de Cusco.

La socia Juana Vilma tiene 74 años, viuda y tiene 4 hijos; la socia alterna sus actividades diarias con el negocio de restaurante su negocio se encuentra ubicado en su mismo domicilio, la socia lleva años en este negocio el cual mediante este ella sale adelante por su familia, la socia cocina diversos platos de comida como arroz con pollo, saltado, sopas entre otros, la socia es una persona bien alegre y responsable con muchas ganas de salir adelante y continuar trabajando.

La socia solicita el préstamo para la compra de insumos para la elaboración de comida como arroz y aceite.

Los otros socios se dedican al negocio de compra y venta de zapatos, venta de artesania, costureria, alquiler de maquinas de construcción, cevicheria y venta de comida.

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
  • 68
    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 Virgen De Las Nieves Group's $6,700 loan helped a member to buy supplies for the preparation of food such as rice and oil.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2012
Listed
May 17, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012