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Grupo 15 Group
In this Group: Violeta, Roberto , Celestina, Nauricio, Carlos Alberto, Rufina, Antonio, Roberto, Luis, Valentin, Mariluz, Soledad Rosalia, Marisol
This communal bank is named "Grupo 15". It was founded on 17 September 2007 and is currently comprised of 13 members, of which 6 are women and 7 are men. The members are enterprising and very hard-working people, in spite of limitations they look after their families each day through their work. This bank is located in Cusco and within it the members find support and social help for their needs, for which they are thankful from the bottom of hearts.

The loan that the members will receive is appreciated very much and will allow 3 of the members to start up grocery stores (sugar, milk, flour, rice, etc.); 2 others to build houses; 2 members to open up a small cafeteria, 3 to buy parts and do maintenance on their public-transportation vehicles; 1 member to sell health products, 1 member needs a loan to be able to buy wood and make doors; and finally, 1 member needs the money for their children´s education. This last member does not appear in the photo for health reasons; he was in another city having his eyes operated on.
View original language description ↓
Este banquito es denominado "GRUPO 15", Se fundó el 17 D. septiembre del 2007, biene siendo comformado por 13 miembros actuales, D. los cuales 06 son mujeres y 07 varones, estos socios son gente emprendedora y muy trabajadora, pese a las limitaciones ellos llevan a sus hogares día a día lo que les genera su trabajo, este banco se encuentra en la ciudad del Cusco, pero dichos socios encuentran en este banco mucho respaldo y apoyo social a sus necesidades, lo cuál ellos agradecen D. todo corazón.

El préstamo que estos socios recieben es muy valorado, ya que les permitirá a 03 socias la implementación D. sus abarrotes (azúcar, leche, harina, arroz, etc, a otros 02 socios la construcción D. sus casitas, a 02 socios la apertura D. un cafetín, a 03 D. ellos comprar repuestos y hacer el mantenimiento D. sus vehículos D. trasporte público, 01 socia venderá productos D. salud, 01 socio necesita el préstamo para poder comprar madera y hacer puertas, finalmente 01 socio necesita el dinero para los estudios D. sus hijos, esté último socio no aparece en la foto que fuera tomada el día D. hoy, por tener permiso por salud, él está en otra ciudad operandose D. la vista.

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

  • $6,715
    Average annual income
  • 122
    View loans »
    Peru Loans Fundraising
  • $55,279,750
    Funds lent in using Kiva
  • 3.3
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Grupo 15 Group's $3,050 loan helped a member working capital to buy supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2009
Listed
Feb 16, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009