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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

The members belong to Virgen de las Nieves Communal Bank, located in the district of Cusco in the province and department of Cusco. The member, Julissa, is 36 years old and single. She works in her business selling shoes and slippers for men, women, and children. She sells independently, going to different places to sell. She gets the merchandise from various places. She works from 8 a.m. until 7 p.m. She has been in the business for four years already and it's going very well for her. In her free time she likes to make cakes. Her dream is to have a place where she can sell slippers and shoes.

She's requesting the loan to buy shoes and slippers.

The member who's attached to the group photo asked permission for her photo to be taken later because of work.

The other members make a living selling crafts, groceries, clothing, and food.

She's grateful to those who are part of this dream and pledges to make her payments punctually.
View original language description ↓
Los socios pertenecen al banco comunal “VIRGEN DE LAS NIEVES”; Este banco se ubicada en el distrito de Cusco, perteneciente a la provincia de Cusco y departamento de Cusco.

La socia es la Sra. Julissa ella es soltera y tiene 36 años; La socia trabaja en su negocio de venta de zapatos y zapatillas para niños, varones y mujeres, ella vende en forma independiente llevando a diferentes lugares donde vende zapatos zapatillas, la socia trae la mercadería de diferentes lugares, la socia trabaja desde las 8:00 a.m hasta las 7:00 p.m,la socia ya tiene 4 años en este negocio y le va muy bien, en sus tiempos libres a la socia le gusta preparar tortas, el sueño de la socia es tener un local donde pueda vender las zapatillas y zapatos. La socia solicita el crédito para comprar zapatos y zapatillas.
La socia que esta pegada a la foto grupal se le tomo despues la foto porque pidio permiso por motivos de trabajo.
Los otros socios se dedican al negocio de venta de artesanía, negocio de venta de tienda de abarrotes, negocio de venta de ropa y negocio de venta de comida.

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

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 ha... 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
  • 120
    View loans »
    Peru Loans Fundraising
  • $60,164,250
    Funds lent in using Kiva
  • 2.5
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Las Nieves Group's $6,025 loan helped a member to buy shoes and slippers.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 14, 2012
Feb 1, 2013
Currency Exchange Loss:
May 17, 2013