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Sr De Coyllority Picchu Group
In this Group: Virginia, Victor Sihuar, Marizela, Hilda, Jesus*, Karina Ricardina, Carmen Fiorela, Roxana, Edwin, Jose Antonio*
* not pictured
The members belong to the Sr De Coyllority Picchu communal bank. This bank is located in the Cusco district, Cusco province, Cusco department.

Virginia is a member. She is 62 years old, married, and has three children. She works in the business of selling beauty products like lipsticks, creams, and perfumes. She sells in an itinerant manner from 8:00 a.m. until 6:00 p.m. Through her business she gets her children ahead. Her dream is to have a place where she is able to sell her beauty products. She is requesting the loan to buy lipsticks, creams, and perfumes.

The other members’ businesses are transportation, selling fish, a store selling groceries, and selling food.

The member is grateful to those who form part of this dream through this means. She pledges to makes her payments during the established time frame.
View original language description ↓
Los socios pertenecen al banco comunal “SR DE COYLLORITY PICCHU”; Este banco se ubicada en el distrito de Cusco, perteneciente a la provincia de Cusco y departamento de Cusco.

La socia es la Sra. Virginia ella es casada y tiene 62 años y tiene 3 hijos; La socia trabaja en su negocio de venta de productos de belleza como lápiz labial, cremas y perfumes, la socia vende en forma ambulatoria desde las 8:00 a.m hasta las 6:00 p.m, la socia por medio de su negocio saca adelante a sus hijos, el sueño de la socia es tener un local donde pueda vender los productos de belleza. La socia solicita el crédito para comprar lápiz labiales, cremas y perfumes.
Los otros socios se dedican al negocio de transporte, negocio de venta de pescado, negocio de venta de tienda de abarrotes 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.

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
  • 100
    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 Sr De Coyllority Picchu Group's $2,975 loan helped a member to buy lipstick, creams, and perfumes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2013
Listed
Apr 1, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013