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Santa Rosalia Group
In this Group: Yudid Emeleni, Elbert Jaime*, Jesusa Nazareno, Ericson Rusbell, Sonia Yasmin, Santusa, Justina, Valeriana, Saturnina, Ysabel
* not pictured
A group of friends and neighbors from the town of Pilcopata formed the “Santa Rosalia” communal bank in the Paucartambo province a few years ago and things have been excellent. There are no industries, companies, or banks in this province, but there are large farmlands and therefore most of the residents are farmers, sell lumber, are merchants, or raise livestock.

Valeriana is 51 years old and lives in Pilcopata. She is a hardworking mother who gets her three children ahead, despite being separated from her husband. Despite all the adversities, she is a responsible and friendly person who gets ahead through her small motorcycle parts store located in her home. She needs a loan to buy more spare parts such as tires, and she needs it to increase her working capital.

The members are grateful for the opportunity and they are committed to make their payments on time.
View original language description ↓
Un grupo de vecinos y amigos en el poblado de Pilcopata formaron el banco comunal “Santa Rosalia” en la provincia de Paucartambo desde hace varios años atrás y les va excelente. En este poblado no existen industrias, empresas, bancos pero existen grandes terrenos de cultivos por lo tanto la mayoría de los pobladores se dedican a la agricultura, a la venta de madera, al comercio y a la ganadería.

Valeriana tiene 51 años de edad y vive en el poblado de Pilcopata, ella es una madre trabajadora que saca a delante a sus tres hijos a pesar de ser separada de su pareja. A pesar de las adversidades, ella es una persona responsable y amable que sale adelante pues su actividad económica principal es la venta de repuesto de motocicletas en una pequeña tienda que acomodo en su domicilio, ella en esta oportunidad requiere el préstamo para comprar más repuestos como por ejemplo llantas pues es necesario para incrementar su capital de negocio.

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

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.

About Peru

  • $6,715
    Average annual income
  • 101
    View loans »
    Peru Loans Fundraising
  • $55,238,100
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Rosalia Group's $4,150 loan helped a member to buy motorcycle parts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2013
Listed
Aug 26, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014