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Juntos Por El Progreso Group
In this Group: Marcelina, Felipe , Vilma , Johanna*, Maria Exaltacio, Dina, Natalia, Paulina, Griselda, Alicia, Wendy Helen, Juan Bautista
* not pictured

Update on Juntos Por El Progreso Group

These entrepreneurs belong to the “JUNTOS POR EL PROGRESO” [“Together for progress”] Communal Bank. This bank is located in the district, province, and department of Cusco.

One of the group’s members is Marcelina. She is 49 years old, is in a common-law marriage, and has 7 children. She makes a living selling clothing such as pants, polo shirts, blouses, and jackets. She sells these items as an independent vendor. Marcelina works from 9:00 AM until 6:00 PM, and through her business she is giving her children a good start in life. Her dream is to have her own space for her clothing business.

Marcelina is asking for a loan so she can purchase pants, polo shirts, jackets, and sweaters wholesale. The other members of her group make a living from activities such as selling plastic, selling cosmetics, operating a telephone call center, and running a bar.

Marcelina is grateful to everyone who is helping to make her dream possible and is committed to making all of her loan payments on time.
View original language description ↓
Los socios pertenecen al banco comunal “JUNTOS POR EL PROGRESO”; Este banco se ubicada en el distrito de Cusco, perteneciente a la provincia de Cusco y departamento de Cusco.

La socia es la Sra. Marcelina ella es conviviente y tiene 49 años y tiene 7 hijos; La socia trabaja con su negocio de venta de ropa, la socia vende pantalones, polos, blusas y casacas, la socia vende en forma independiente, la socia trabaja desde las 9:00 a.m hasta las 6:00 p.m, por medio de este negocio saca adelante a sus hijos, el sueño de la socia es tener un local donde puede vender la ropa. La socia solicita el préstamo para comprar pantalones, polos, casacas y chompas al por mayor.
Los otros socios se dedican al negocio de venta de plásticos, negocio de venta de cosméticos, negocio de servicio de llamadas, negocio de bar.

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.

Previous Loan Details

Our members belong to the community bank, Juntos por el Progreso (Together for Progress). Our members live in the district of Huanchac in Cusco Province, the Department of Cusco. Our members alternate their retail activities, focusing mainly on selling clothes, shoes, and artifacts in the ci... More from Juntos Por El Progreso 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
  • 48
    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 Juntos Por El Progreso Group's $3,300 loan helped a member to purchase pants, polo shirts, jackets, and sweaters wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Apr 13, 2012
Apr 25, 2012
Currency Exchange Loss:
Sep 15, 2012