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Sayhua De Chichubamba Group
In this Group: Nery , Elizabeth, Paulina, Mario , Maritza , Leonarda , Narda Ana Maria, Leonidas *, Alejandro*, Carmen , Martha , Yovana , Hugo Antonio, Maricruz , Eusebia , Lourdes , Beatriz
* not pictured
These members belong to the Communal Bank "Sayhua de Chichubamba", which is located in the District of Urubamba in Urubamba Province, Department of Cusco.

Beatriz is a member who is 41 years old, in a common-law relationship, and has two children. She divides her time between her daily activities and her business of buying and selling flowers such as carnations, gladiolas, and roses. Beatriz works every day from 10am to 4pm. She has been in this business for years in order to help her family get ahead. Beatriz is a cheerful and responsible person who has the drive to succeed on behalf of her family. The loan she is requesting will be used to buy flowers for her business so that she can have more variety to offer to her customers.

The member who appears in the smaller photo requested permission to arrive a little late to the meeting. The other members engage in businesses such as selling flowers, selling corn, raising animals, managing a grocery store, selling handicrafts, and raising guinea pigs.

Beatriz is grateful to receive her loan in this manner and promises to complete her payments.

View original language description ↓
La socia perteneces al banco comunal SAYHUA DE CHICHUBAMBA; este banco está situado en el distrito de Urubamba en la provincia de Urubamba departamento de Cusco.

La socia Beatriz; la socia tiene 41 años, conviviente y tiene 2 hijos; la socia alterna sus actividades diarias con el negocio de compra y venta de flores como claveles, gladiolos y rosas, la socia trabaja todos los días desde las 10:00am hasta las 4:00pm, la socia lleva años en este negocio el cual mediante este la socia saca adelante a su familia, la socia es una persona alegre y responsable con muchas ganas de salir adelante por su familia.

La socia solicita el préstamo para la compra de flores para su negocio y de esta manera tener más variedad que ofrecer a sus clientes.

La socia que sale adjunta en la foto pidio permiso para llegar un poco tarde a la reunion.

Los otros socios se dedican al negocio de venta de flores, venta de maiz, crianza de animales, tienda de abarrotes, venta de artesanía, crianza de cuyes.

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

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
  • 43
    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 Sayhua De Chichubamba Group's $6,425 loan helped a member to buy flowers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 10, 2012
May 25, 2012
Currency Exchange Loss:
Dec 15, 2012