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Sr De Los Milagros De Chimpahuaylla Group
In this Group: Sandra, Namby, Placida, Romulo , Isabel, Modesta , Lucia , Noemi, Mariluz , Hilda , Ana Isabel , Mery Felicitas , Hilda Luciana , Ceferina
This bank's name is “SR D. LOS MILAGROS D. CHIMPAHUAYLLA” which translates to Lord of Miracles of Chimpahuaylla. It's composed of 13 members located about 38 minutes outsiD. of the city of Cusco. The area or neighborhood they represent is called Chimpahuaylla.

All of these members are involved in some type of commerce such as selling vegetables, fruit, cereals and groceries to the many different supermarkets in the area. Our members buy products directly from the farmers and then distribute them to the supermarkets. This is why they need a loan in order to purchase in bulk and then sell at the local sunday food fairs.

Our members are very thankful and appreciative of this loan. They have agrreed to make the monthly payments and to pay the whole loan amount on time.
View original language description ↓
Este banco comunal se denomina “SR D. LOS MILAGROS D. CHIMPAHUAYLLA”, cuenta con 13 socios los mismos que viven a 38 minutos D. la ciudad del Cusco; el barrio al que ellos representan se llama Chimpahuaylla, estos socios corresponden al segundo ciclo D. trabajo con su banco comunal.


Los socios están dedicados en su mayoría a diferentes actividades en las que tienen el comercio minorista, ellos venden productos como verduras, frutas, cereales, abarrotes a los diferentes mercados D. la ciudad, nuestros socios compran los productos directamente a los agricultores y los distribuyen por todos los mercados, es por esta razón que ellos desean el préstamo para poder comprar grandes cantidades D. productos y así los puedan venderlos en las diferentes ferias dominicales..

Los socios están agradecidos y valoran el préstamo otorgado por este medio comprometiéndose D. esta manera a pagar las cuotas establecidas y el total del préstamo en el tiempo determinado.

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
  • 110
    View loans »
    Peru Loans Fundraising
  • $56,074,975
    Funds lent in using Kiva
  • 3.3
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Sr De Los Milagros De Chimpahuaylla Group's $3,100 loan helped a member to purchase vegetables, fruit, cereals and groceries.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2009
Listed
Mar 6, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009