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Tres De Mayo De Simatauca Group
In this Group: Andrea, Elizabeth, Julio, Yovana, Luisa, Sonia, Carlos, Dominga, Jaime, Genara, Julia, Eusebia, Eulogia, Juan Climaco, Sofia
The members belong the to communal bank “TRES DE MAYO DE SIMATAUCA” which is located in the district of Chinchero, province of Urubamba and department of Cusco.

Member Andrea lives in a common law relationship, is 39 years old and has 4 children. She works at her livestock and agricultural businesses and has a plot of land on which she grows potatoes, corn and other vegetables. Andrea works from 8:00 a.m. until 6:00 p.m. and hopes that her businesses will help her get ahead. Her dream is to increase the amount of land she cultivates. Andrea is asking for this loan so she can buy seeds and fertilizer for her crops.

The other members raise and sell animals, sell livestock, and run a grocery store. Andrea is grateful to those who have taken part in her dream through this organization, and she promises to make all of her payments on time.
View original language description ↓
Los socios pertenecen al banco comunal “TRES DE MAYO DE SIMATAUCA”; Este banco se ubicada en el distrito de Chinchero, perteneciente a la provincia de Urubamba y departamento de Cusco.

La socia es la Sra. Andrea ella es conviviente y tiene 39 años y tiene 4 hijos; La socia trabaja en su negocio de agricultura y ganadería, la socia tiene un terreno donde cultiva papas,maíz y verduras, la socia trabaja desde las 8:00 a.m hasta las 6:00 p.m,la socia por medio de estos negocios quiere salir adelante, el sueño de la socia es ampliar su terreno de cultivo. La socia solicita el crédito para comprar semillas y fertilizantes para su terreno de cultivo.

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



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.

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About Peru

  • $12,000
    Average annual income
  • 104
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Tres De Mayo De Simatauca Group's $6,075 loan helped a member to buy seeds and fertilizer for her cropland.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2014
Listed
Jun 5, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014