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Virgen Del Carmen De Patria Group
In this Group: Sonia, Miguel, Susana, Marleny, Modesto*, Eusebia, Avelina, Fernando, Yaquelin, Bernardina, Ignacia*, Flor De Maria, Edwin
* not pictured
The communal bank “Virgen de Carmen de Patria” was formed by a group of neighbors and friends in the town of Patria. (The town of Patria is known for its trade in products from the forest, as well as lodging services and restaurants. It is the point of entrance of the National Park of Manu.)

Flor Maria is 40 years old. She is married, and she and her husband have 5 children. Flor Maria lives with her family in the town of Patria.

Flor Maria is a responsible and kind person who is getting ahead through her business buying and selling cassava. She buys from various farmers in the area, transporting the products in her small truck to later distribute to the retailers in different markets in the city of Cusco. She transports her products once a week to the city of Cusco. At this time, Flor Maria needs a loan to buy more cassava to increase her working capital.

This communal bank is made up of people who are constantly seeking opportunities to get ahead. With their daily efforts, they are providing a better future for their children. The members of this group work in agriculture, furniture-making, transportation, fruit sales, and other activities. They appreciate the opportunity that is being provided, and they promise to comply with the payment terms on their loans. (The members met in 2 different shifts to work and then to take the photographs).

The town of Patria is located in the Kosñipata district of the province of Paucartambo, in the department of Cusco.
View original language description ↓
Un grupo de vecinos y amigos formaron el banco comunal “Virgen de Carmen de patria” en el poblado de Patria. (El poblado de Patria se destaca por el comercio de productos de la selva, así como servicios de alojamiento y restaurantes. Punto de ingreso al Parque Nacional del Manu.)

Flor Maria tiene 40 años de edad, es casada y fruto de esta hermosa relación tiene cinco hijos, ella y su familia viven en el poblado de Patria.

Flor Maria es una persona responsable y amable que sale adelante pues su actividad económica principal es la venta y compra de yuca entonces ella compra a diferentes agricultores de la zona para luego que en su pequeño camión trasladé la mercadería para que después distribuirlos a los comerciantes de diferentes mercados de la ciudad del Cusco, ella lleva la mercadería una vez a la semana a la ciudad del Cusco entonces en esta oportunidad Flor maría requiere el préstamo para comprar más yucas para incrementar su capital de negocio.

Este banco comunal está conformado por varias personas que buscan a cada momento las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos. Los socios se dedican a la agricultura, a la elaboración de muebles, a brindar servicio de transportes, venta de frutas y otras cosas más.

Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos.

(Los socios se reunieron en dos turnos diferentes por motivos de trabajo y entonces se les tomo dos fotografías).

(El poblado de Patria está ubicado dentro del distrito de Kosñipata en la provincia de Paucartambo del departamento del Cusco).

Additional Information

More information about this loan


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.

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About Peru

  • $6,715
    Average annual income
  • 33
    View loans »
    Peru Loans Fundraising
  • $54,500,125
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Carmen De Patria Group's $4,400 loan helped a member to buy cassava.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2013
Listed
Jun 29, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014