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Velasco Astete Group
In this Group: Claudia, Isabel, Norma Mercedes, Li Roxana*, Jesus Evelyn, Celia , Lucila, Irma Yolanda, Edith Giovana, Margarita, Delfin Ignacio*, Veronica , Elsa Zenovia, Yulvadich
* not pictured
Edith belongs to the communal bank Velasco Astete, a bank that is located in the province and department of Cusco. She is 35 years old and has a son and a partner. Edith spends her day working as a teacher, she has spent a long time doing this job which is going very well thanks to the hard work that she puts into her work. Edith hopes to be able to continue working so that she can continue to support her family. This loan is part of one of the credit facilities from the Asociación Arariwa which goes by the name of Credi Yapa. This line of credit is given to loan borrowers with a good credit history, and this group fits these characteristics.

Edith is seeking the loan to buy educational materials. The people in the photo with their faces covered up do not belong to the communal bank, those who appear in the attached photos requested permission to arrive late to the meeting for work reasons.

Edith is grateful for the loan given and pledges to meet the defined repayment deadlines. The other members work in restaurants, grocery store, making cakes, hospitality and teaching.
View original language description ↓
La socia Edith pertenece al banco comunal VELASCO ASTETE, el banco está ubicado en la Provincia de Cusco y Departamento de Cusco.
La socia Edith tiene 35 años de edad tiene 01 hijo y es conviviente, la socia alterna sus actividades diarias dedicándose a trabajar como docente, la socia lleva buen tiempo dedicándose a su trabajo el cual le va bien gracias al empeño que le pone cada día a su trabajo, la socia es docente de profesion,la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia, este préstamo es parte de una de las líneas de crédito de la Asociación Arariwa su nombre es Credi Yapa, esta línea de crédito es otorgado a los prestatarios con buen historial crediticio, siendo este un grupo que cumple dichas características.
La socia solicita el crédito para la compra de materiales didácticos.
Las personas que salen con la cara tapada no pertenecen al banco comunal.
Las socias que salen en la foto adjunta pidieron permiso para llegar tarde a la reunión por motivos de trabajo.

La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Los demás socios se dedican al negocio de restaurante, tienda de abarrotes, elaboración de tortas, hospedaje, docentes.

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.

About Peru

  • $12,000
    Average annual income
  • 124
    View loans »
    Peru Loans Fundraising
  • $57,923,600
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Velasco Astete Group's $4,550 loan helped a member to buy educational materials.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 9, 2014
Listed
Jun 25, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 22, 2014