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Andres Avelino Caceres Group
In this Group: Rosa Maria*, Apolonia Alejandrina, Yemy, Julia, Nelida, Wilfredo, Francisca, Rebeca, Gabino, Rosamaria, Vilma*, Juan
* not pictured

Update on Andres Avelino Caceres Group

"Andres Avelino Caceres" is a village bank, which consists of twelve entrepreneurial women and men who live and work in Cusco. The members dedicate themselves to a variety of activities here in the southern Andean mountains of Peru. Some of them raise small animals such as chickens and guinea pigs. Others buy and sell artisanal goods, and one of the women has a business selling "chicha", a Peruvian fermented corn beverage.

One of the members, Alejandrina, is pictured wearing a pink sweater on the right side of the photo. She is 59 years old and a widow with seven children who are all fully grown and living independently. Alejandrina supports herself by selling candy in front of a school and running a small grocery store in her house. Alejandrina is requesting 1,000 Peru Nuevo Soles (PEN) from the group loan in order to purchase more candy and stock up her store with products such as beer, soda, sugar, and other products of basic necessity. She says that she looks forward to growing her business a little during this loan cycle, by increasing her merchandise and attracting more customers.

Previous Loan Details

The members belong to the communal bank "ANDRES AVELINO CACERES". This bank is located in the Cusco district, belonging to the Cusco province of the Cusco region. Martha is a member. She lives with her partner. She is 36 years old and has two children. She works with her business selling broth... More from Andres Avelino Caceres 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
  • 53
    View loans »
    Peru Loans Fundraising
  • $63,759,475
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Andres Avelino Caceres Group's $3,150 loan helped a member to buy candy, beer, soda, sugar, and other products of basic necessity.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
May 9, 2012
May 11, 2012
Currency Exchange Loss:
Oct 15, 2012