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Virgen Del Carmen Group
In this Group: Aurelia , Alejandro, Maritza, Mesias Francklin*, Lucia, Edwin, Eufemia , Cristhian
* not pictured
Lucia is a member off the “Virgen del Carmen” communal bank located in Wanchaq District in Cusco Province and Department. She alternates her daily chores with a business selling basic staple items like rice, sugar, milk, snacks and soft-drinks, among others. She works from 9am until 5pm approximately in one of the city of Cusco’s markets. She’s been in this business for some time now and does well thanks to the effort she puts into it every day; this is the way she supports her family. She’s requesting a loan to buy merchandise like soft-drinks for her business.

The other group members sell food, are fruit merchants, run grocery stores, and are caretakers and employees of private firms.

The person who appears in the inserted photo asked permission to be late to the meeting.

Lucia uses this means to thank those who fund her loan and commits to make her payments.
View original language description ↓
La socia pertenece al banco comunal VIRGEN DEL CARMEN; este banco está situado en el distrito de Wanchaq en la provincia de Cusco departamento de Cusco.

La socia Lucia alterna sus actividades diarias con el negocio de venta de productos de primera necesidad como arroz, azucar, leche, golosinas, gaseosas entre otros, la socia trabaja desde las 09:00am hasta las 05:00pm aproximadamente en uno de los mercados de la ciudad del Cusco, la socia lleva buen tiempo en este su negocio el cual le va bien gracias al empeño quien le pone cada día, siendo de esta manera que la socia saca adelante a su familia.

La socia solicita el préstamo para la compra de mercadería como gaseosas para su negocio.

Los otros socios se dedican a la venta de comida, compra y venta de fruta, tienda de abarrotes, guardianía, trabajador de una empresa privada.

La persona que sale adjunto en la foto pidió permiso para llegar tarde a la reunión.

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

  • $12,000
    Average annual income
  • 130
    View loans »
    Peru Loans Fundraising
  • $58,907,975
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Carmen Group's $2,925 loan helped a member to buy stock merchandise for her store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jun 27, 2012
Jul 17, 2012
Currency Exchange Loss:
Nov 15, 2012