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Las Hijas De Maria Group
In this Group: Lidia, Silvia*, Maria Victoria, David Gaudencio, Maria Mercedes, Yanett Del Pilar, Ninoska, Ruth Marina, Cecilia , Cesar Augusto, Saul
* not pictured

Update on Las Hijas De Maria Group

These members belong to the “LAS HIJAS DE MARIA” communal bank. The bank is located in the district of Cuzco, in the province and department of Cuzco.

María Mercedes is 47, married and has 3 children. She alternates her family activities with her store. She sells different types of products, such as rice, sugar, milk, snacks, sodas and more. She has been in this business for years and it is going well for her thanks to the hard work she puts into it every day. She works at her business Monday through Sunday from 6:00 a.m. until 9:00 p.m., approximately. This can vary according to the activities she may have on any day. She is a responsible and hardworking person and that is how she gets her family ahead.

She is asking for the loan to buy merchandise such as rice and milk for her business. She is in the inserted photo, and apologized for arriving at the meeting late. The other members' businesses are selling churros, a small grocery store, a bookstore, handmade crafts, selling furniture, and raising guinea pigs.

Maria Mercedes is thankful to the people who are a part of her dream in this way and is committed to making her payments on time.
View original language description ↓
Los socios pertenecen al banco comunal “LAS HIJAS DE MARIA”; Este banco se ubicado en el distrito de Cusco, perteneciente a la provincia de Cusco y departamento de Cusco.
La socia es la Sra. María Mercedes ella es casada y tiene 47 años y tiene 3 hijos; La socia alterna sus actividades diarias con el negocio de tienda de abarrotes, la socia vende diferentes tipos de productos como arroz,azucar,leche,golosinas,gaseosas,entre otros, la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia trabaja en su negocio de lunes a domingo desde las 06:00am hasta las 09:00pm aproximadamente aunque este horario puede variar de acuerdo a las actividades que pueda tener en el dia,la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia.

La socia solicita el crédito para la compra de mercadería como arroz y leche para su negocio.

La socia que sale adjunta en la foto pidio permiso para llegar tarde a la reunion.
Los otros socios se dedican al negocio de venta de venta de churros, tienda de abarrotes, librería, manualidades, venta de muebles, crianza de cuyes.

La socia agradece a quienes forman parte de este sueño mediante este medio y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.

Previous Loan Details

The communal bank "LAS HIJAS D. MARIA" has been operating for six years and is comprised of hard-working entrepreneurs who are looking for opportunities to get ahead and proviD. a better future for their children. The group meets every month in the city of Cusco. Most of the members live in Cus... More from Las Hijas De Maria 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
  • 84
    View loans »
    Peru Loans Fundraising
  • $58,962,350
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Hijas De Maria Group's $6,125 loan helped a member to buy merchandise such as rice and milk for her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Sep 14, 2012
Oct 15, 2012
Currency Exchange Loss:
Feb 15, 2013