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Patron San Jeronimo Ii Group
In this Group: Adela Fortunata, Sofia, Flora, Giselda, Henry, Paula Genoveba*, Maria Elizabeth, Karina*, Guadalupe, Yahaira, Juan Francisco, Vanessa Carmen, Diane Rosmeri
* not pictured

Update on Patron San Jeronimo Ii Group

A group of neighbors and friends formed the “Patrón San Jerónimo II” communal bank in the city of Cusco in Cusco Province and Department of Cusco. This communal bank is composed of people who seek at all times opportunities to get ahead and with their daily efforts provide a better future for their children. The economic activities of the members are for example: food sales, snack sales, grocery sales, beauty products sales; some work as teachers, public employees and others provide medical services, tourism services and transportation services.

(Adela is raising her hand in the picture.) Adela was born in the city of Cusco and still lives where she was born. She’s currently 60 years old and her main economic activity is selling anticuchos [grilled skewered meat] from place to place. She works from 3pm until 8pm Monday through Saturday.
She’s been in this business for 30 years and does very well thanks to the effort she puts into it. On this occasion, Adela needs the loan to buy ingredients like meat, chicken, sausage, oil, potato, dehydrated potato and other things. Adela’s dream is to open a locale where she can sell her anticuchos.

The members in general are grateful for the opportunity provided and commit to make their various installment payments in the established time frame. (The members who appear at the bottom of the photo asked the governing board permission to be absent from the meeting.)

Cusco is located in Cusco District and Province belonging to Cusco Department in the very heart of the ancient city of the Incas. It’s noted for being a very tourist-oriented zone because of its archaeological sites, for its historic city center, for its scenery and for its history; it is an enchanting city in the country’s southern region. Cusco is known as a very tourist-oriented, commercial zone, for its traditional Inti Raymi festival and because one of the Seven Wonders of the World, Machupicchu, is located there.
View original language description ↓
Un grupo de vecinos y amigos formaron el banco comunal “Patrón San Jerónimo II” en la ciudad de Cusco de la provincia de Cusco del departamento 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 golosinas, venta de comestibles, venta de productos de belleza, algunos trabajan como profesores, empleados públicos y otros brindan servicio médicos, servicio de turismo y servicio de transportes.

(La señora Adela está levantando la mano en la fotografía). La socia Adela nació en la ciudad de Cusco y vive donde nació. Actualmente, Adela tiene 60 años de edad y su actividad económica principal de la socia es la venta anticuchos de forma ambulatoria, ella trabaja desde a las 3 pm hasta las 8 pm de lunes a sábado. Ya son treinta años se dedica a este negocio y le va muy bien gracias al empeño que pone en su negocio. Adela en esta oportunidad requiere el préstamo para comprar insumos como por ejemplo carne, pollo, salchicha, aceite, papa, choclo y otras cosas más. El sueño de Adela es abrir un local donde pueda vender sus anticuchos.

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 pidieron permiso a la junta directiva del banco comunal para no estar presentes en 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”.

Previous Loan Details

“Asociación Arariwa’s Micro Finances Unit’s Patrón San Jerónimo II communal bank is in its 10th operational cycle” Sofía tells us: In my “Patrón San Jerónimo II” communal bank we are 13 members (10 women and 3 men). The meetings take place every 30 days in Asociación Arariwa’s central offic... More from Patron San Jeronimo Ii Group's previous loan »

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).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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

  • $12,000
    Average annual income
  • 99
    View loans »
    Peru Loans Fundraising
  • $57,945,600
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Patron San Jeronimo Ii Group's $3,625 loan helped a member to buy ingredients.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
May 15, 2012
May 28, 2012
Currency Exchange Loss:
Oct 15, 2012