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Mosoq Ñusta Group
In this Group: Hilda , Felicitas, Leonarda, Miguel, Yrene, Luciana, Elisabeth, Ubaldo, Paulina, Sandra, Lucia, Lurdes*, Ledia, Judith*, Paulina*, Vilma
* not pictured
The featured member belongs to the communal bank MOSOQ ÑUSTA, located in the Pisaq district, Calca province, Cusco department. Hilda is 59 years old and has 4 children and is married. She alternates between her daily chores with an internet cabins business. Her business has been going well thanks to the hard work she puts into it every day. She is a responsible and hard-working member, and she wishes to be able to continue working and in this way supporting her family.

Hilda seeks a loan to do maintenance on her machines. She is grateful for the loan and promises to make her established payments.

The other members of the group sells artisan items, chicha, a grocery store, restaurant, bakery, transportation, and motorcycle taxi.
View original language description ↓
La socia pertenece al banco comunal MOSOQ ÑUSTA, él banco está ubicado en el distrito de Pisaq, provincia de Calca y departamento Cusco.
La socia Hilda tiene 59 años de edad tiene 04 hijos y es casada, la socia alterna sus actividades diarias con el negocio de cabinas de internet, la socia lleva buen tiempo con su 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, la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el crédito para realizar el mantenimiento de sus maquinas.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Los demás socios se dedican a la venta de artesania, venta de chicha, tienda de abarrotes, restaurante, panadería, transporte, moto taxi.

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.

Tags

About Peru

  • $6,715
    Average annual income
  • 82
    View loans »
    Peru Loans Fundraising
  • $55,213,250
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Mosoq Ñusta Group's $5,650 loan helped a member to do maintenance on machines.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2014
Listed
Mar 8, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2014