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Mamacha Rosario - Huancarani Group
In this Group: Victoria, Claudio, Efrain, Porfirio, Felicitas, Asciencia*, Alejandrina, Celia, Maura, Virginia, Juan, Antolin*, Margara, Olivir
* not pictured

Update on Mamacha Rosario - Huancarani Group

A group of friends and neighbors form the body of the communal bank “Mamacha Rosario” in the district of Huancarani in the province of Paucartambo and department of Cusco. This communal bank is made up of people who are searching continuously for opportunities to get ahead, and to bring a better future to their children through their daily efforts. The primary business activities of the members are, for example: food sales, creation of wooden furniture, sales of crafts, a grocery store, fuel sales, beer and chicha (a fermented corn drink) sales, farming of small domesticated animals, and much more.

Victoria remains a member of the communal bank and her primary economic success has been in the sales of fuels like gasoline and oil. She continues to run a shop where she sells fuels and lubricants, but she also does agricultural work and grows potatoes and barley. She buys fuels from one of the outlets near the city of Huancarani. IT has now been several years since she began this business, and it is going very well for her, thanks to the effort she puts into her work. At this time, Victoria is in need of a loan to buy lubricants and additives. The members as a whole are thankful for the opportunity that has been offered and promise to make payments of each of their different loans on schedule as arranged. (The people who appear on the left-hand side of the photo arrived late to the meeting of the communal banking group.)
View original language description ↓
Un grupo de vecinos y amigos formaron el banco comunal “Mamacha Rosario” en el distrito de Huancarani de la provincia del Paucartambo 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 principal de los socios son por ejemplo; venta de comida, elaboración de muebles de madera, venta de artesanía, venta de productos de primera necesidad, venta de combustibles, venta de chicha y cerveza, crianza de animales menores y otras actividades.

Victoria continúa en el banco comunal y su económica principal de la Victoria es la venta de combustibles como gasolina y petróleo, ella continua con tienda de venta de combustibles y lubricantes pero también se dedica a la agricultura y siembra papa y cebada, ella compra combustibles de uno de los grifos cercanos a la ciudad de Huancarani. Ya son varios años que se dedica a este negocio y le va muy bien gracias al empeño que pone en su trabajo. En esta oportunidad Victoria requiere el préstamo para comprar lubricantes y aditivos. 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 personas que aparecen en la parte izquierda de la fotografía llegaron tarde a la reunión del banco comunal).

Previous Loan Details

The Mamacha Rosario community bank is maD. up of hard-working, charismatic, happy men and women struggling everyday to succeed along with their families. They live in the Huancarani district of the province of Paucartambo in the Cusco department. Huancarani is more than 3600 meters (11,800 ft) ab... More from Mamacha Rosario - Huancarani 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
  • 107
    View loans »
    Peru Loans Fundraising
  • $59,072,600
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Mamacha Rosario - Huancarani Group's $6,425 loan helped a member to buy lubricants and additives.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Oct 5, 2012
Nov 6, 2012
Currency Exchange Loss:
Mar 15, 2013