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Araza Group
In this Group: Brigida, Hilma, Francisco*, Maria Dominga, Fresia, Fredy*, Gerardo, Libertad Ana Maria, Francisca, Basilia, Benita
* not pictured
The people pictured above are all member of the communal bank ARAZA. This bank is located in the Urcos district, in Urcos province, Cusco department.

Brigida, 29, lives with her partner and has five children. She works raising animals like chickens and pigs. She fattens them up and then sells them in different markets. She also takes them to different places like Puerto Maldonado. She works from 8:00 am until 6:00 pm. She has been working in this business for five years and it's going very well for here. Her dream is to have a place where she can sell the animals. She is applying for the loan to buy chickens and pigs. The other members have businesses selling animals, business with fabric for sweaters, a restaurant business, and a business selling fruit. Brigida is thankful for those who are contributing to her dream in this way and she promises to make her payments on time.
View original language description ↓
Los socios pertenecen al banco comunal “ARAZA”; Este banco se ubicada en el distrito de Urcos, perteneciente a la provincia de Urcos y departamento de Cusco.

La socia es la Sra. Brigida ella es conviviente y tiene 29 años y tiene 5 hijos; La socia trabaja en su negocio de crianza de animales, la socia cría animales como pollos y chanchos, la socia los hace engordar y crecer y luego los vende en las diferentes mercados y también lleva a diferentes lugares como Puerto Maldonado, la socia trabaja desde las 8:00 a.m hasta las 6:00 p.m,la socia se dedica a este negocio 5 años y le va muy bien, el sueño de la socia es tener un local donde pueda vender los animales. La socia solicita el préstamo para comprar pollos y chanchos.
Los otros socios se dedican al negocio de crianza de animales, negocio de tejidos de chompas, negocio de restaurant y negocio de venta de fruta.

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.

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
  • 118
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Araza Group's $1,675 loan helped a member to buy chickens and pigs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Nov 17, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013