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Las Reynas Group
In this Group: Maria, Rudt, Yony, Beatriz, Josefina, Sebastiana, Marisol, Jaime, Marleny
The communal bank "Las Reynas" is made up of neighbors and friends who live in the district of Maranura in the province of La Convención.

Rudt, a member, works selling basic goods such as bags of rice and sugar. She is a very hardworking woman who helps her children to get ahead.

She needs this loan to purchase merchandise such as bags of rice and sugar. All of the members are thankful for this opportunity and they are happy with the loan. They promise to pay it back responsibly.
View original language description ↓
Este banco comunal "Las Reynas" de esta conformado por vecinos y amigos que viven en el distrito de Maranura de la provincia de La Convención. La socia Rudt se dedica a la venta de productos de primera necesidad como sacos de arroz, sacos de azúcar entre otros, ella es una es una mujer emprendedora pues saca adelante a sus hijos, ella en esta oportunidad requiere el préstamo para comprar mercadería como por ejemplo sacos arroz, sacos de azúcar y entre otros. Todos socios están agradecidos por la oportunidad y se sienten contentos por el préstamo pues se compromete a pagar con mucha responsabilidad.

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

  • $6,715
    Average annual income
  • 87
    View loans »
    Peru Loans Fundraising
  • $55,985,050
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Reynas Group's $5,200 loan helped a member to purchase merchandise such as bags of rice and sugar.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2014
Listed
Jun 20, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014