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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

Update on Virgen De Las Nieves Group

Ilda, age 46, is a widow with three children. She is from the Cusco province in the Cusco department. She is an enterprising and responsible woman who gets her family ahead.

She sells basic needs products like rice, sugar, milk, noodles, shampoo, bread, and soft drinks, among others. She has been doing this work for several years, and it is going very well for her. Ilda needs a loan at this time in order to buy merchandise like sacks of sugar, sacks of rice, cases of noodles, and jugs of milk, among others.

This group is comprised of neighbors and friends who make up the Virgen de la Nieves communal bank in the Cusco province of the Cusco department. This communal bank is comprised of people who are always looking for opportunities to get ahead. They put forth daily effort in order to give their children a better future. The members are grateful for the opportunity given to them, and they pledge to make their different payments punctually. (The members who appear in the lower part of the photograph arrived late to the meeting.)

Cusco is located in the district, province, and department of Cusco in the heart of the ancient Inca city. It is characterized as a tourist zone because of its archaeological centers, its historical center, its scenery, its history and for being a charming city in the southern region of the country. Cusco is also known for its traditional festival "Inti Raymi" and because it has one of the seven wonders of the world, Machu Picchu.
View original language description ↓
La socia Ilda tiene 46 años de edad y es viuda pero tiene tres hijos, ella es natural de la provincia del Cusco del departamento del Cusco. La socia Ilda es una madre emprendedora y responsable que saca adelante a su familia, ella se dedica a la venta de productos de primera necesidad como por ejemplo arroz, azúcar, leche, fideos, champus, pan, refrescos y entre otros más. Desde hace varios años que se dedica a este trabajo y le va muy bien. En esta oportunidad Ilda requiere el préstamo para comprar mercadería como por ejemplo sacos de azúcar, sacos de arroz, cajas de fideos, tarros de leche y entre otras más.

Este grupo está conformado por vecinos y amigos que formaron el banco comunal “virgen de la Nieves” en la provincia del 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. Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos. (Las socias que aparecen en la parte inferior de la fotografia llegaron tarde a la reunion).

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 por ser una ciudad encantadora de la Región del Sur del país. Cusco es conocido también por su fiesta tradicional del Inti Raymi y porque se encuentra una de las siete maravillas del mundo “Machupicchu”.

Previous Loan Details

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 restau... More from Virgen De Las Nieves 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
  • 116
    View loans »
    Peru Loans Fundraising
  • $60,091,700
    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 $6,300 loan helped a member to buy merchandise like sacks of sugar, sacks of rice, cases of noodles, and jugs of milk, among others.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 17, 2012
Sep 14, 2012
Currency Exchange Loss:
Jan 15, 2013