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Amigos Emprendedores Group
In this Group: Rony, Benjamin*, David Jesus, Andrea, Mateo, Maruja, Beatriz, Delia, Mercedes*, Rebeca, Lorenza, Irma, Glenny Yalime, Hilario*, Raul
* not pictured
The “AMIGOS EMPRENDEDORES” (ENTERPRISING FRIENDS) communal bank is in its 9th loan cycle; it is composed of 15 hard-working persons who are always seeking opportunities to get ahead in life and to provide, through their daily efforts, a better future for their children. They reside in Cusco province, Cusco department. Cusco is a city that is renowned for its historical city center, its scenery and its history; it is an enchanting city in the south of the country.

The members are involved in a variety of commercial activities. Some sell clothing, others sell food. Others sell clothing or school supplies and some are tourist guides. The communal bank has had several loan cycles and the members state that they are happy and satisfied with the credit services, the savings and the training they receive. They are particularly happy with the savings they can accrue by leaving their funds in a common account over time.

Lorenza is a member of the Amigos Emprendedores communal bank. She is 45 years old, married, and has three children (Maria, Lisbeth and Patricia). She sells clothing in the “San José” shopping center on Cusco’s Trinitarias street. Lorenza tells us that she brings the clothes, like coats, from the city of Desaguadero. She has been in this line of work for 10 years and has done well thanks to the effort she puts into her work. She need and 800 sol loan to buy school supplies. She tells us that when the new school year is about to start, she puts away all her clothing and concentrates on selling school supplies.

The members as a whole are grateful for the opportunity granted by this means and pledge to repay in a timely fashion.
View original language description ↓
El banco comunal “AMIGOS EMPRENDEDORES”, actualmente se encuentra en el IX ciclo y esta conformado por 15 personas trabajadoras que buscan a cada momento las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos, es un banco comunal conformado por socios que viven en la provincia de Cusco del departamento Cusco. Cusco es una cuidad que se caracteriza por su Centro Histórico, sus paisajes, su historia siendo una ciudad encantadora de la Región Sur del país.

Las actividades económicas de los socios a las que se dedican son el comercio como por ejemplo venta de prendas de vestir, venta de comestibles, venta de comida, venta de ropa y venta de útiles escolares y otros brindan servicios de guía de turismo. El banco comunal tiene varios ciclos de funcionamiento, como manifiestan las socias, se encuentran contentas y satisfechas con los servicios de crédito, ahorro y capacitación, por el tiempo de permanencia en el banco comunal un aspecto de valoración es el ahorro por la posibilidad de capitalización que les brinda este servicio.

Lorenza es socia del banco comunal Amigos Emprendedores, tiene 45 años de edad, es casada y tiene tres hijos (Maria, Lisbeth y Patricia). La socia se dedica a la venta de ropa en el centro comercial “San José” en la calle Trinitarias de la ciudad Cusco. Lorenza nos cuenta que ella trae ropa de la ciudad de desaguadero como por ejemplo casacas. Ya son 10 años que se dedica al negocio y le ha ido muy bien gracias al empeño que pone su trabajo. La socia requiere el crédito de los 800 soles para comprar útiles escolares. La socia también nos cuenta que cuando empieza la campaña escolar guarda su mercadería de ropa y arreglar su tienda para vender útiles escolares.

Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos.

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
  • 45
    View loans »
    Peru Loans Fundraising
  • $64,489,150
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Amigos Emprendedores Group's $4,050 loan helped a member to buy school supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Feb 16, 2010
Mar 5, 2010
Currency Exchange Loss:
Jul 15, 2010