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Las Hijas De Maria Group
In this Group: Lidia, Silvia, Maria Victoria, David Gaudencio, Maria Mercedes, Yanett Del Pilar, Ninoska, Ruth Marina, Cecilia , Cesar Augusto, Saul, Roberto

Update on Las Hijas De Maria Group

A group of neighbors and friends formed the communal bank “LAS HIJAS DE MARIA”. The bank is located in the district of Cuzco, in the province and department of Cuzco. This communal bank is made up of people that are constantly seeking out opportunities to get ahead, and through their daily efforts give their children a better future. The other members' businesses are selling churros,carpentry,handmade crafts,a bookstore, and a grocery store.

Ninoska lives in Cusco, the same city in which she was born. She is 32 years old and has the role of mother and father to her only child. Ninoska’s primary business is the sale of groceries and liquor. She has been in this line of work for three years now, and she is doing very well. On this occasion she needs the loan in order to purchase merchandise, such as rum, Pisco, Whiskey, and other items. Her goal is to open up another liquor store.

The members in general appreciate the opportunity that has been given and they are committed to making their various payments within the established time frame.

Cusco is located in the district of Cuzco, in the province and department of Cuzco, which is in the heart of the ancient city of the Incas. It is a touristic area characterized by its archaeological centers, its historic center, its landscapes, its history, and for being an enchanting city in the southern area of the country. Cusco is known because of its commerce, its traditional celebration of Inti Raymi, and because one of the seven wonders of the world, Machu Picchu, is located there.
View original language description ↓
Un grupo de vecinos y amigos formaron el banco comunal “Las Hijas de María” en la ciudad del Cusco de la provincia de Cusco del departamento 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; churros, carpintería, artesanía, librería, productos de primera necesidad.

La socia Ninoska nació en la ciudad del Cusco y vive en la misma ciudad donde nació, ella tiene 32 años de edad es padre y madre para su único hijo. Su actividad económica principal de la Ninoska es la venta de productos de primera necesidad y licores. Ya son 3 varios años que se dedica a este negocio y le va muy bien. En esta oportunidad Ninoska requiere el préstamo para comprar mercadería como por ejemplo rones, piscos, whiskys, y otras cosas más. Su sueño de la señora es abrir otra licorería.

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”.

Previous Loan Details

These members belong to the “LAS HIJAS DE MARIA” communal bank. The bank is located in the district of Cuzco, in the province and department of Cuzco. María Mercedes is 47, married and has 3 children. She alternates her family activities with her store. She sells different types of products, s... More from Las Hijas De Maria 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
  • 108
    View loans »
    Peru Loans Fundraising
  • $59,068,450
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Hijas De Maria Group's $6,200 loan helped a member to purchase merchandise, such as Pisco, rum, Whiskey, and other items. Her goal is to open another liquor store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jan 15, 2013
Mar 1, 2013
Currency Exchange Loss:
Jun 17, 2013