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Patapampa Al Progreso Group
In this Group: Karol Estefany, Gertrudes, Wilber Luis, Rosi Luz, Raul Saturnino, Ignacia, Nemesia, Genaro*, Pilar*, Beatris*, Luciana, Eutropia, Lucas, Yaquelina, Apolinaria
* not pictured
The members have belonged to the community bank "Patapampa Al Progresso" of the Asociación Arariwa for several years, and things are going well for them. They live in the La Convención province of the Echarate District in the Patapampa sector.

Nemesia is 40 years old. She is in a common-law relationship and has four children. She sells candy, soft drinks, cakes, and pastries among other things at her stall where she sells her products. In her free time, she works in farming and has several plots of cacao, coffee, and fruit. She is an enterprising and hardworking woman who supports her family. This time she needs a loan to buy fertilizer and candies.

The other partners work in farming, livestock, and selling groceries, while others work in the municipality in different areas. The partners thank those who help them achieve their dream through these loan, and they are committed to repaying their dues by the deadline.
View original language description ↓
Los socios pertenecen al banco comunal “PATAPAMPA AL PROGRESO” de la Asociación Arariwa desde hace varios años atrás y les va muy bien, ellos viven en la provincia de La Convención del distrito de Echarate en el sector de Patapampa.

Nemesia tiene 40 años y tiene una relación de unión libre de la cual tiene cuatro hijos, ella se dedica a la venta de golosinas, gaseosas, tortas, pasteles y otras cosas mas, ella tiene un puesto de venta donde expende sus productos, ella en sus horas libres se dedica a la agricultura y tiene varios terrenos de plantaciones de cacao, café y fruta, ella es una mujer emprendedora y trabajadora que saca adelante a su familia. En esta oportunidad requiere el préstamo para comprar fertilizantes y golosinas.

Los otros socios se dedican al negocio de agricultura, ganadería, venta de abarrotes y otros se dedican a trabajar en la municipalidad en diferentes áreas. Los socios agradecen a quienes forman parte de este sueño mediante este medio y se comprometen 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.

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About Peru

  • $12,000
    Average annual income
  • 120
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Patapampa Al Progreso Group's $6,700 loan helped a member to buy fertilizer and candies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2014
Listed
Apr 24, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 22, 2014