Check out some available loans that are similar to this one!
Virgen De La O Group
In this Group: Teodora, Higidia, Fabian, Rosslinda, Jesusa, Nely, Catalina Hortencia*, Ceferina, Matilde, Liz Eveling , Lulia*
* not pictured

Update on Virgen De La O Group

The members belong to the communal bank “VIRGEN DE LA O YUCAY”. This communal bank is located in the district of Urubamba, in the province of Urubamba and the department of Cusco.

The member is Teodora. She is married, 54 years old and has 2 children. The member works selling flowers and ornamental plants. She sows these flowers and plants and sells them in various places such as fairs. She works from 8:00a.m. until 5:00p.m. She has had this business for 5 years now and it's going well. Her dream is to expand her flower and plant business.

She is requesting a loan to purchase flower and plant seeds.

The other members work in the business of; selling vegetables, selling in a grocery store, selling clothing and selling cattle.

Teodora is grateful to those who are part of this dream in this way and promises to complete the payments on the loan according to the established terms.
View original language description ↓
Los socios pertenecen al banco comunal “VIRGEN DE LA O YUCAY”; Este banco se ubicada en el distrito de Urubamba, perteneciente a la provincia de Urubamba y departamento de Cusco.

La socia es la Sra. Teodora ella es casada y tiene 54 años y tiene 2 hijos; La socia trabaja en su negocio de venta de flores y plantas ornamentales, la socia siembra estas flores y plantas y lo vende en diferentes lugares como ferias, la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,la socia ya tiene 5 años en este negocio y le va muy bien, el sueño de la socia es ampliar el negocio de flores y plantas. La socia solicita el crédito para comprar semillas de flores y plantas.
Los otros socios se dedican al negocio de venta de verduras, negocio de venta de tienda de abarrotes, negocio de ropa y negocio de venta de ganados.

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

The members belong to the “Virgen de la O” communal bank which is located in Urubamba Province, Yucay District, Cusco Department. Jesusa, 47, has a spouse and six children. She alternates her daily chores with a business buying and selling crafts. She’s been in business for years and does ... More from Virgen De La O 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
  • 111
    View loans »
    Peru Loans Fundraising
  • $61,962,875
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De La O Group's $4,450 loan helped a member to purchase flower and plant seeds.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 11, 2013
Mar 3, 2013
Currency Exchange Loss:
Sep 17, 2013
This photo was used before for a previous loan for Virgen De La O Group. It was first posted on Kiva on Sep, 2012. Learn More