Funded

Total loan: $4,475
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Virgen Del Rosario Group


A loan of $4,475 helped a member to invest in buying corn and potatoes to sow on her lands and harvest next year.


Virgen Del Rosario Group's story

Agustina belongs to the “Virgen del Rosario” (Virgin of the Rosary) community bank. She lives in the rural community of Pongobamba, in Chinchero district, in Urubamba province, in Cusco department.

Agustina is 59 years old. She is a widow and has two children. Her main source of income is farming. She works on her land together with her sons. They ask for help from their community because currently, as was the case in the time of the Inca, there exists the famous AYNI system (a form of communal work where neighbors help each other on their lands at sowing and harvest time). Agustina grows potatoes and corn which she then sells. This is how she supports herself and helps her children with their studies. Agustina herself wasn't lucky enough to study at secondary level and she started working on her parents' land when she was a very little girl. Today she understands that studying is very important if her children are to have a better opportunity in life. She is requesting a loan to invest in buying corn and potatoes to sow on her lands and harvest next year.

The other members of the group also farm and raise young animals.

Agustina is grateful for the loan which she will receive and pledges to continue working hard to make her repayments and improve her business.

In this group: Modesta , Rosario , Alejandrina , Judith , Zonia *, Grimaldina, Gregorio , Guido , Agustina , Dominga , Jenara , Cleofe , Eusebio , Yenny , Balvina
*not pictured

Translated from Spanish by Kiva volunteer Linda Oxnard



Loan details

Loan length:

8 months
Disbursed date: November 17, 2010
Facilitated by Field Partner: Asociación Arariwa

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: November 17, 2010
Facilitated by Field Partner: Asociación Arariwa