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Cristo Moreno Group
In this Group: Gloria, Doris Felicitas, Eduardo, Doris Eufemia*, Maria Matilde, Martha Amparo, Alicia*, Asunta, Juan Carlos, Lua Marina
* not pictured
A group of friends and neighbors formed the “Cristo Moreno” communal bank in the city of Cusco. This communal bank is formed of people who seek ways at every moment to get ahead by means of their daily efforts to provide a better future for their children. Some examples of the members’ economic activities are: cleaning supplies sales, metal sales, food sales, sweater sales, cosmetics sales, broom making; some provide entertainment services.

Luz Marina was born in Cusco Province. She’s 40-years-old, single and has no children yet. She has a small business consisting in the sale of lamb, pork, beef and chicken. On this occasion she needs the loan to buy lamb and chicken.

The members in general are grateful for the opportunity provided and commit to make their various installment payments as scheduled.

Cusco is located in Cusco District, Province and Department in the very heart of the ancient Inca city and it’s noted for being a tourism center thanks to its archaeological sites, historic city center, scenery and history and for being an enchanting city in the southern region of the country. Cusco is known for being a very commercial, tourist center, for its traditional Inti Raymi festival and because one of the Seven Wonders of the World, Machupicchu, is located there.
View original language description ↓
Un grupo de vecinos y amigos formaron el banco comunal “Cristo Moreno” 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 artículos de limpieza, venta de materiales de metal, venta de comestibles, venta de chompas, venta de cosméticos, elaboración de escobas y otros brindar servicios de diversión.

Luz Marina nació en la provincia del Cusco y tiene 40 años, es soltera pero aun no tiene hijos, ella tiene un pequeño negocio que consiste en la venta de carne de cordero, chancho, res y pollo, ella en esta oportunidad requiere el préstamo para comprar mercadería como carne de cordero y pollo.

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
  • 121
    View loans »
    Peru Loans Fundraising
  • $56,814,000
    Funds lent in using Kiva
  • 2.5
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Cristo Moreno Group's $4,175 loan helped a member to buy lamb and chicken.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 28, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013