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Sol De Oro Group
In this Group: Juan Ronald , Fausta, Maria Edi, Froilan , Benedicta , Lisbeth Ruth*, Ana Maria , Zenon , Maria Antonieta *, Roque
* not pictured
The members belong to the “Sol de Oro” (Golden Sun) communal bank located in Cusco District belonging to Cusco Province and Department. Benedicta, 52, is separated and has three children. She alternates her daily activities with a grocery store. She sells various types of products like rice, sugar, milk, snacks, soft-drinks, etc. She’s been in business for years and does quite well thanks to the effort she puts into it daily. She also sells food from place to place in the morning and then heads to her other business, the grocery store. She’s a responsible, enterprising person who has supported her family this way. She’s requesting the loan to buy merchandise like rice and milk for the store. She is grateful to all who share her dream by this means and commits to make her installment payments as scheduled. The other group members sell frozen potatoes, blankets, make sweatshirts, drive a school bus and work in carpentry.
View original language description ↓
Los socios pertenecen al banco comunal “SOL DE ORO”; Este banco se ubicado en el distrito de Cusco, perteneciente a la provincia de Cusco y departamento de Cusco.

La socia es la Sra. Benedicta ella es separada y tiene 52 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, a la vez la socia se dedica a la venta de comida ,la socia vende de forma ambulatoria por las mañanas para luego ir a su otro negocio de tienda de abarrotes, la socia es una persona responsable y empeñosa siendo e 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.

Los otros socios se dedican al negocio de venta de papa helada, venta de frasadas, confeccion de busos, movilidad escolar, carpintería.

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
  • 98
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Sol De Oro Group's $4,675 loan helped a member to buy stock merchandise like rice and milk for her store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013