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Mama Simona Group
In this Group: Mauricia, Sabina, Luzmila, Hilaria, Gregoria, Estela, Liz Jhosselin, Rossmery, Margot
A group of neighbors and friends started the communal bank "Mama Simona" in the city of Cusco. This communal bank is composed of people who are always looking for opportunities to get ahead in life and that strive every day to give their children a better future. The bank’s members have different lines of work, such as food sales, ice cream sales, raising farm animals and jewelry sales.

Mauricia is 44, and was born in the district of Poroy, Cusco province, where she still lives. She lives in a common-law marriage and has three children. She runs a small grocery store at home. This time, she is requesting a loan to buy supplies, such as sacks of rice, sacks of sugar, noodles, milk, beverages, and candies. The bank’s members appreciate the opportunity given and promise to pay the installments in time.

Cusco is located in the district and province of Cusco, department of Cusco. It lies in the heart of the ancient Inca city and is known for its touristic attractions, its archaeological centers, its historic center, and its landscapes and history. All these things make Cusco an enchanting city, in the south of the country. Cusco is a well-known touristic and commercial destination and is famous for its traditional Inti Raymi celebration and because it has one of the world’s seven modern wonders, Machu Picchu.
View original language description ↓
Un grupo de vecinos y amigos formaron el banco comunal “Mama Simona” en la ciudad 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 de los socios son por ejemplo; venta de comestibles, venta de helados, crianza de animales menores, venta de jora y otras.

Mauricia nació en el distrito de Poroy de la provincia del Cusco y vive en el mismo distrito donde nació, ella tiene 44 años, tiene una relación de unión libre de la cual tiene tres hijos, ella tiene una pequeña tienda de abarrotes en su domicilio, ella en esta oportunidad requiere el préstamo para comprar mercadería como sacos de arroz, sacos de azúcar, fideos, leche, gaseosas, golosinas y entres otros.

Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos. Cusco está ubicado en el distrito y provincia del Cusco del departamento del Cusco en pleno corazón de la antigua ciudad de los Incas y se caracteriza por ser una zona turística por sus centros arqueológicos por su centro histórico por sus paisajes por su historia y siendo una ciudad encantadora de la Región del Sur del país. Cusco es conocido por ser una zona muy turística, comercial, por su fiesta tradicional del Inti Raymi y porque se encuentra una de las siete maravillas del mundo “Machupicchu”.

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

  • $6,715
    Average annual income
  • 103
    View loans »
    Peru Loans Fundraising
  • $55,238,100
    Funds lent in using Kiva
  • 2.5
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Mama Simona Group's $3,225 loan helped a member to buy supplies for her store, such as rice, sugar, noodles, milk, beverages and candies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 9, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013