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Virgen Asunta Group
In this Group: Paulina, Flavio, Zonia, Alejandrina, Felix, Gustavo*, Fanny*, Hilda, Edmundo, Luis Alberto, Fredy Djalma, Katy, Eliana, Lenin, Portunata, Rosa
* not pictured
The “VIRGEN ASUNTA” communal bank is in its 5th loan cycle and is composed of 16 hard-working and enterprising people who are constantly looking for ways to get ahead in life and proviD., though their efforts, a better future for their children. The members resiD. in Urubamba province, Cusco department. Urubamba is a city that is renowned for its archaeological sites, its scenery and its history; it is a charming city in the southern part of the country.

The members are involved in a variety of commercial activities; such as: sale of food, sweets sales, and tire sales, dry products sales, egg sales, alcoholic beverage sales (like Chicha, a regional beverage from the south of Perú), the sale of small farm animals. Others proviD. transportation and welding services.

The communal bank has had several loan cycles. The members state that they are happy and satisfied with the credit services, the savings and the training; they also appreciate the increase in capitalization they get from leaving their funds in a common account for a period of time.

Alejandrina, 48, is a member of the Virgen Asunta communal bank. She is married and has 5 children. She is engaged in three different commercial activities: she raises small farm animals, sell chicha and sells food and vegetables. She relates that for the last 27 years she has sold chicha and food and has raised animals. She buys small animals in San Jerónimo, raises them and, when they reach proper weight, sells them. On Monday, Thursday and Saturday she sells in Chincheros and on Wednesday and Friday at the Pintacha farmers market.

Alejandrina tells us that she leases land to farm her products, for example, corn. She regrets to inform us that the lands she uses to plant her crops were flooded by water from the Vilcanota River which caused major losses. She used to sell her products for 2800 soles but she now has to sell extremely poor quality product for a very low price. She needs 800 soles to buy chickens; she will buy approximately 100 chicks as well as feed for them.

The members, as a group, are grateful for the opportunity they have been given and pledge to repay in a timely fashion.
View original language description ↓
El banco comunal “VIRGEN ASUNTA”, actualmente se encuentra en el V ciclo y esta conformado por 16 personas trabajadoras y emprendedoras 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 D. Urubamba del departamento Cusco. Urubamba es una cuidad que se caracteriza por su centros arqueológicos, sus paisajes, su historia siendo una ciudad encantadora D. la Región Sur del país.

Las actividades económicas D. los socios a las que se dedican son el comercio como por ejemplo venta D. comestibles, venta D. dulces D. forma ambulatoria, venta D. llantas, venta D. productos secos, venta D. huevos, venta D. bebidas alcohólicas como la chicha (Bebida regional del Sur del Perú), venta D. animales menores y otros brindan servicio D. transportes y soldadura. El banco comunal tiene varios ciclos D. funcionamiento, como manifiestan las socias, se encuentran contentas y satisfechas con los servicios D. crédito, ahorro y capacitación, por el tiempo D. permanencia en el banco comunal un aspecto D. valoración es el ahorro por la posibilidad D. capitalización que les brinda este servicio.

Alejandrina es socia del banco comunal Virgen Asunta, tiene 48 años D. edad, es casada y tiene cinco hijos. La socia Alejandrina tiene tres actividades laborales como por ejemplo la crianza D. animales menores, la venta D. chicha, venta D. comida y venta D. verduras. La socia nos cuenta que hace 27 años que se dedica a la venta D. chicha, comida y crianza D. animales, ella compra animales pequeños del distrito D. San Jerónimo y después los hace engordar, ella lleva sus productos a vender por ejemplo, los días Martes, Jueves y sábados a la comunidad D. Chincheros y los días miércoles y viernes al mercado D. productores D. Pintacha. Alejandrina nos cuenta que alquila un terreno para cultivar productos como por ejemplo maíz. La socia con mucha pena nos cuenta que los terrenos donD. cultiva sus productos fueron inundadas por las aguas del rió vilcanota dejando perdidas, ella antes toda la cosecha D. los productos vendia a 2,800 soles pero ahora está vendiendo sus productos a bajo precio y pésima calidad. La socia requiere el préstamo D. los 800 soles para comprar gallinas, ella aproximadamente comprara 100 gallinas crías y tambien comprara alimento para los animales.
Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago D. 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
  • 87
    View loans »
    Peru Loans Fundraising
  • $63,784,825
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Asunta Group's $3,950 loan helped a member to buy 100 chicks as well as feed for them.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Feb 19, 2010
Mar 8, 2010
Currency Exchange Loss:
Jul 15, 2010