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Virgen Natividad De Chuso Group
In this Group: Silveriana, Vilma, Pedro, Wenceslao, Laureano*, Elena, Lorenza*, Maritza , Olivia , Dominga
* not pictured

Update on Virgen Natividad De Chuso Group

These people are members of the Virgen Natividad de Chuso Community Bank located in the district and province of Urubamba in the department of Cusco.

One of the members is Sra. Silveriana. She is 39 years old, married and has five children. She earns her living raising and then selling chickens in various markets. Silveriana is also a farmer and grows corn and potatoes on her land. Through these two small businesses she supports her children.

Silveriana's dream is to have a stall from where she can sell the chickens. With the loan money she plans to buy chickens.

The two people whose photos were added later were not present for the group photo. They were excused for reasons of work. Group members are engaged in such work as selling food, selling animals, grocery store, and farming.

Silveriana is grateful to those who contribute to this loan and help her fulfill her dream. She promises to pay back the money according to the schedule.
View original language description ↓
Los socios pertenecen al banco comunal “VIRGEN NATIVIDAD DE CHUSO”; Este banco se ubicada en el distrito de Urubamba, perteneciente a la provincia de Urubamba y departamento de Cusco.

La socia es la Sra. Silveriana ella es casada y tiene 39 años y tiene 5 hijos; La socia trabaja en su negocio de venta de animales, la socia cría las gallinas los hace crecer y engordar y luego los vende en las diferentes ferias, la socia también se dedica al negocio de agricultura, la socia tiene un terreno donde cultiva maíz y papa, por medio de estos pequeño negocios la socia saca adelante a sus hijos, el sueño de la socia es tener un local donde pueda vender las gallinas. La socia solicita el crédito para comprar gallinas.
Los socios que estan pegados a la foto grupal se les tomo despues la foto porque pideron permiso por motivos de trabajo

Los otros socios se dedican al negocio de venta de comida, negocio de venta de animales, negocio de tienda de abarrotes y negocio de agricultura.


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.

Previous Loan Details

The members belong to the communal bank "VIRGEN NATIVIDAD DE CHUSO." This bank is located in Chinchero district, which belongs to Chinchero province in Cusco department. The member is Dominga. She is a widow who is 66 years old and has three children. She works in an agricultural business. She... More from Virgen Natividad De Chuso Group's previous loan »

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).

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.

Tags

About Peru

  • $6,715
    Average annual income
  • 67
    View loans »
    Peru Loans Fundraising
  • $54,564,275
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Natividad De Chuso Group's $1,125 loan helped a member buy chickens.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2013
Listed
Aug 28, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014