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Moyopata-San Sebastian Group
In this Group: Vilma, Gregoria, Ernestina, Maritza, Alicia, Hilda, Teodora, Marisa*, Rosaria, Sabina
* not pictured

Update on Moyopata-San Sebastian Group

The majority of the members of the communal bank "Moyopata -- San Sebastian" have withdrawn from the group, but other people have joined. Now the communal bank is in its ninth loan cycle (each cycle is four months long). The communal bank consists of 10 hard-working and entrepreneurial people who are looking at every moment for opportunities to advance and with their daily effort to give their children a better future. The majority of the members live in the city, where they carry out their business activities. Cusco is known for being a very touristic and business area, for its traditional festival, the Inti Raymi, and because one of the seven marvels of the world, Machu Picchu, is found there.

Bank member Vilma, who is 35 years old, is both father and mother to her two children. She works in one of the municipal districts of the city of Cusco in the area of city security. She has done this work for a number of years, and it is going very well for her, thanks to the effort that she puts into her duties. She needs a loan for personal use; she needs to buy food and clothing for her children.

The members appreciate and are grateful for the loan that is offered to them through this means, and they promise to make all their payments on the established schedule. (A member who arrived late for the meeting appears in the lower part of the photograph.)
View original language description ↓
La mayoría de los socios del banco comunal “MOYOPATA-SAN SEBASTIAN” se retiraron pero entraron otras personas. Actualmente, el banco comunal encuentra en el noveno ciclo de funcionamiento (cada ciclo está conformado por 4 meses). El banco comunal está conformado por 10 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. La mayoría de los socios viven en la ciudad donde realizan sus actividades económicas. Cusco es conocido por ser una zona muy turística, comercial, por su fiesta tradicional del Inti Raymi y porque se encuentra una de las siete maravillas del mundo “Machupicchu”.

La socia Vilma, tiene 35 años, es padre y madre para sus dos hijos, ella trabaja en una de las municipalidades distritales de la ciudad del Cusco en el área de seguridad ciudadana. Ya son varios años que se dedica al trabajo y le ha va muy bien gracias al empeño que pone a sus funciones, ella requiere el préstamo para uso personal ósea para la alimentación y ropa de sus hijos.

Los socios valoran y agradecen el préstamo otorgado mediante este medio y así mismo se comprometen a cumplir con el pago de sus cuotas en el plazo establecido. (En la parte inferior de la fotografía aparece la socia que llego tarde a la reunión).

Previous Loan Details

The members of the “MOYOPATA-SAN SEBASTIAN” communal bank meet every 30 days in the main office of the microfinance unit of the Arariwa Association in the city of Cusco. The communal bank is represented by Graciela, the president; William, the secretary; Juan Antonio, the treasurer; and Agustina,... More from Moyopata-San Sebastian Group's previous loan »

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).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 49
    View loans »
    Peru Loans Fundraising
  • $64,489,150
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Moyopata-San Sebastian Group's $2,975 loan helped a member to buy food and clothing for her children.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jan 12, 2012
Jan 17, 2012
Currency Exchange Loss:
Jun 15, 2012