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Sol De Oro Group
In this Group: Grecia, Juan Ronald , Froilan , Lisbeth Ruth*, Ana Maria , Zenon , Maria Antonieta , Maria Edi, Shashenca Yony, Eddy Howard*, Jose Manuel, Delia
* not pictured

Update on Sol De Oro Group

The members belong to Sol de Oro Communal Bank, located in the district of Cusco in the province and department of Cusco. Grecia, who is 24 years old and single, is a member. She has a business selling beauty products and sells lipsticks, creams and perfumes. She also sells construction materials such as cement, sand and bricks. She works from 8am to 6pm and wants to get on in life by means of these small businesses. Her dream is to have a small shop where she can sell the beauty products.

Grecia is asking for the loan to buy lipsticks, creams and perfumes.

The member whose photo is attached to the group photo asked permission for work reasons to have her photo taken after the meeting.

The other members sell bulk grains, run an internet business, have a grocery shop and a restaurant business.

Grecia is grateful to everyone who is involved in helping with this dream and promises to pay her loan instalments in the agreed timeframe.
View original language description ↓
Los socios pertenecen al banco comunal “SOL DE ORO”; Este banco se ubicada en el distrito de Cusco, perteneciente a la provincia de Cusco y departamento de Cusco.

La socia es la Srta. Grecia ella es soltera y tiene 22 años; La socia trabaja en su negocio de venta de productos de belleza,la socia vende lápiz labiales, cremas y perfumes,la socia también se dedica al negocio de venta de materiales de construcción como cemento, arena y ladrillos, la socia trabaaja desde las 8:00 a.m hasta las 6:00 p.m,la socia por medio de estos pequeños negocios quiere salir adelante, el sueño de la socia es tener un local donde pueda vender los productos de belleza. La socia solicita el crédito para comprar lápiz labiales, cremas y perfumes.

La socia que esta pegada a la foto grupal se le tomo la foto despues de la reunion porque pidio permiso por motivos de trabajo.

Los otros socios se dedican al negocio de venta de granos secos, negocio de internet, negocio de tienda de abarrotes 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

The members belong to Sol de Oro Communal Bank, located in the district of Cusco in the province and department of Cusco. The member, María Edi, 57, is single and has two children. She works in her business selling clothing from 8 a.m. until 6 p.m. She sells sweaters, polo shirts, pants, and... More from Sol De Oro 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
  • 46
    View loans »
    Peru Loans Fundraising
  • $64,450,300
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Sol De Oro Group's $4,700 loan helped a member to buy lipsticks, creams and perfumes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Mar 7, 2014
Mar 18, 2014
Currency Exchange Loss:
Aug 17, 2014