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Qochasaywas Group
In this Group: Nisida Ruth, Luis Pedro, Saturnina, Ida Ruth, Maritza, Carmen Rosa, Renee*, Maria Elena, Liuba Luz, Bertha
* not pictured

Update on Qochasaywas Group

The member belongs to the communal bank, Qochasaywas. This bank is located in the Wanchaq district which is in the both the province and department of Cusco.

María Elena is 42 years old and is in a civil union. She has two children. She spends her days between her daily activities and her business selling ceviche [a "raw" fish dish]. She has had this business for years and as a result she has been able to get her family ahead. She makes her sales at the public bus station. She also makes a living selling beauty products like creams, perfumes, and colognes, among other things. She is a very happy and responsible person with a great desire to get ahead.

She is requesting a loan to buy supplies to make ceviche like onion, fish, sweet potato, and limes, among other things.

The other members make a living in the businesses of food sales, a restaurant, weaving items like sweaters, selling beauty products and medical clothing.

The member is grateful to this institution because it facilitates her loan. She is committed to making her payments.
View original language description ↓
La socia perteneces al banco comunal QOCHASAYWAS; este banco está situado en el distrito de Wanchaq en la provincia de Cusco departamento de Cusco.

La socia María Elena tiene 42 años es conviviente y tiene 2 hijos; la socia alterna sus actividades diarias con el negocio de venta de ceviches, la socia lleva años en este negocio siendo de esta manera que la socia saca adelante a su familia ,ella vende de forma ambulatoria en el paradero de un transporte público, a la vez la socia se dedica a la venta de productos de belleza como cremas,perfumes,colonias entre otros, la socia es una persona bien alegre y responsable con muchas ganas de salir adelante por su familia.

La socia solicita el préstamo para la compra de insumos para la elaboración de ceviche como cebolla, pescado, camote, limón entre otros.

Los otros socios se dedican al negocio de venta de comida, restaurante, elaboración de tejidos como chompas, venta de productos de belleza y venta de prendas medicadas.

La socia agradece este medio por el cual le facilita el crédito y se compromete a cumplir con los pagos.

Previous Loan Details

Nisida was born in the city of Grau - Progreso, in the department of Apurímac. At present, she lives in the city of Cuzco (in the photograph, Nisida is raising her hand). Nisida is in a common law marriage and is expecting a baby. She is eight months pregnant. She is young, hardworking and res... More from Qochasaywas 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
  • 44
    View loans »
    Peru Loans Fundraising
  • $64,459,350
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Qochasaywas Group's $3,775 loan helped a member to buy supplies for making ceviche, like onion, fish, sweet potato, and lime, among others.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 21, 2012
Feb 26, 2012
Currency Exchange Loss:
Sep 15, 2012