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Sumaq Causay De Acorcona Group
In this Group: Robert , Martha , Alicia, Alina, Maida, Paulina, Renato, Nemecio, Ruben
The members belong to the “Sumaq Causay de Acorcona” Communal Bank. This bank is located in the Acorcona sector of Vilcabamba district in the Department of Cusco.

Paulina, a member, is 46 years old and married. She spends her days dedicated to agricultural activities, including her coffee and plantain crops among others. Paulina has been involved in this business for a good while, and it is going well thanks to the daily effort she puts into her business. Paulina is a responsible and enterprising person, and for this reason she is advancing her family. She wishes to continue working so that she can continue helping her family.

Paulina is requesting a loan to purchase fertilizers and manure for her farm.

The other bank members are dedicated to agriculture and to raising small farm animals.

Paulina is grateful to all those who invest and become a part of her dream, and she promises to comply with all her payments as scheduled.
View original language description ↓
Los socios pertenecen al banco comunal “SUMAQ CAUSAY DE ACORCONA”; Este banco se ubicado en el sector de Acorcona en el distrito de Vilcabamba y departamento de Cusco.
La socia es la Sra. Paulina ella es conviviente y tiene 46 años; La socia altera sus actividades diarias dedicándose a la agricultura ,a la cosecha de café y plátanos entre otros, la socia lleva buen tiempo dedicándose a este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia, la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el crédito para comprar fertilizantes, abono para su chacra.
Los otros socios se dedican a la agricultura y a la crianza de animales menores.
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

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
  • 69
    View loans »
    Peru Loans Fundraising
  • $54,533,550
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Sumaq Causay De Acorcona Group's $1,100 loan helped a member to buy fertilizers and manure for a farm.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2013
Listed
Dec 20, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014