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Virgen De La O Group
In this Group: Higidia, Fabian, Teodora, Rosslinda, Jesusa, Nely*, Catalina Hortencia, Ceferina, Matilde
* not pictured
These people are members of the Virgen de la O Community Bank located in Yucay District, Urubamba Province in the department of Cusco.

56-year old Higidia is married and has six children. She earns her living by selling sweetcorn in Juliaca. She also sells livestock in various markets around the district. Her dream is to expand her livestock and sweetcorn businesses so she is seeking a loan to buy more maize and also feed for her animals.

The other members have businesses such as selling shoes, vegetables, livestock, maize, construction materials, and one has a grocery store.

Higidia is grateful to those who are helping her to achieve her dream and promises to make the loan repayments according to the schedule.
View original language description ↓
Los socios pertenecen al banco comunal “VIRGEN DE LA O”; Este banco se ubicada en el distrito de Yucay, perteneciente a la provincia de Urubamba y departamento de Cusco.

Higidia tiene 56 años de edad; la socia es casada y tiene 6 hijos, la socia se dedica a la venta de choclo los cuales lleva a Juliaca y también se dedica a la venta de ganado, la venta de ganado le realiza en las distintas ferias que existe en la feria en distrito de Yucay, el sueño de la socia es ampliar el negocio de venta de ganado y venta de choclos. La socia solicita el crédito para comprar choclos y alimentos para los ganados.

Los otros socios se dedican al negocio de venta de zapatos, venta de verduras, venta de ganados, venta de maíz, materiales de construcción, tienda de abarrotes.

La socia agradece a quienes forman parte de este sueño mediante este medio y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.

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
  • 41
    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 Virgen De La O Group's $3,750 loan helped a member to buy maize and also feed for her animals.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 7, 2012
Feb 14, 2012
Currency Exchange Loss:
Sep 15, 2012