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Virgen Del Rosario Del Cusco Group
In this Group: Dina Margod, Alejandrina, Tomasa Agrina*, Sonia, Angelica, Sadith Nicayla, Magdalena, Paulina, Felicia, Ana Luisa, Alicia, Hernan*, Veronika, Mishelle Dafyana, Laurita , Hilda
* not pictured

Update on Virgen Del Rosario Del Cusco Group

The members belong to the “Virgen del Rosario del Cusco” communal bank located in Cusco District belonging to Cusco Province and Department. Dina Margod, 44, is one of the members. She’s married and has three children and works selling crafts. She does embroidery work; she embroiders traditional outfits among other decorations. She works on order from 8am until 6pm and has been in business six years. She wants to raise her children and that they become professionals. Her dream is to expand the crafts sales. She’s requesting the loan to buy thread in assorted colors, fabric and needles at wholesale to do her embroidery work. She is grateful to all those who share her dream by this means and commits to make her payments as scheduled.

The member appearing in the inserted photo asked permission because of work and her photo was taken after the group photo. The other members work selling food, clothes, fruit and run a restaurant.
View original language description ↓
Los socios pertenecen al banco comunal “VIRGEN DEL ROSARIO DEL CUSCO”; Este banco se ubicada en el distrito de Cusco, perteneciente a la provincia de Cusco y departamento de Cusco.

La socia es la Sra. Dina Margod ella es casada y tiene 44 años y tiene 3 hijos; La socia trabaja con su negocio de venta de artesanía, la socia realiza trabajos de bordados, ella borda trajes típicos entre otros adornos, la socia trabaja a pedidos desde las 8:00 a.m hasta las 6:00 p.m, la socia tiene 6 años en este negocio y quiere sacar adelante a sus hijos y que estos sean profesionales, el sueño de la socia es ampliar el negocio de venta de artesanías. La socia solicita el préstamo para comprar hilos de colores, telas y agujas al por mayor para que haga sus trabajos de bordados.
La socia que esta pegada a la foto grupal se les tomo despues la foto porque pidio permiso por motivos de trabajo.
Los otros socios se dedican al negocio de venta de comida, negocio de venta de ropa, negocio de venta de fruta y negocio de restaurant.

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

Felicia tells us, “We have 13 members (12 women and 1 man) in our communal bank, Virgen del Rosario del Cusco. Our meetings are every 30 days in the central office of the Asociació Arariwa headquarters in Cusco. They elected me to represent the communal bank in order to tell about my main econo... More from Virgen Del Rosario Del Cusco 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
  • 81
    View loans »
    Peru Loans Fundraising
  • $61,829,600
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen Del Rosario Del Cusco Group's $5,825 loan helped a member to buy thread in assorted colors, fabric and needles at wholesale for her embroidery.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 23, 2012
Oct 3, 2012
Currency Exchange Loss:
Jan 15, 2013