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Salud Group
In this Group: Nancy Nicanora, Rocio Luisa, Nacianzena, Maria Elena , Adela , Agripino , Catalina , Hermila, Guillermina Isabel *, Jose Domingo , Monica, Braulia *
* not pictured

Update on Salud Group

Mónica belongs to the communal bank Salud, which is located in the district of Wanchaq, in Cusco province, department of Cusco. Mónica still has her business selling beauty products. She has been working in this business for several years and it brings her personal and financial satisfaction. She sells various types of beauty products such as perfume, fragrances, creams, and other products. She wants to carry on working so she can continue to support her family in this way.

Mónica is requesting this loan in order to buy creams, perfumes and other items.

The other members work renting rooms, selling natural products, selling clothing, selling cosmetics, teaching, and as private company employees. The members who appear in the attached photos asked for permission to arrive late at the meeting for work and health-related issues.

Mónica is grateful for the loan granted and promises to comply with the terms of her payment schedule.
View original language description ↓
La socia pertenece al banco comunal SALUD; este banco está situado en el distrito de Wanchaq en la provincia de Cusco departamento de Cusco.

La socia Mónica continua dedicándose al negocio de venta de productos de belleza, la socia lleva años dedicándose a este negocio el cual le trae satisfacciones tanto económicas como personales, la socia vende diferentes tipos de productos de belleza como colonias, perfumes, cremas entre otros, la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el préstamo para la compra de cremas, perfumes entre otros.
Los otros socios se dedican al negocio de alquiler de habitaciones, venta de productos naturales, venta de ropa, venta de cosméticos, docentes y trabajadores de empresas privadas.
Los socios que salen en la foto adjunta pidieron permiso para llegar tarde a la reunión por motivos de trabajo y salud.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

Mónica belongs to the communal bank Salud, which is located in the district of Wanchaq, in Cusco province, department of Cusco. She is 45 years old and is married with two children. This member alternates her daily activities with her business selling beauty supplies like perfume, fragrances, cre... More from Salud 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
  • 50
    View loans »
    Peru Loans Fundraising
  • $63,759,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Salud Group's $3,750 loan helped a member to buy creams, perfumes and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 21, 2013
Jan 21, 2014
Currency Exchange Loss:
May 17, 2014