Check out some available loans that are similar to this one!
Santa Rosa De Yanahuapa Group
In this Group: Juan Gualberto, Pedro, Sonia, Roxana , Bautista , Miriam Elizabeth, Samuel, Marisol, Angélica, Jóselyn Georgina, Martha, Willy
The Santa Rosa de Yanahuapa Village Bank is a newly formed group, and is just beginning its first loan cycle with Asociacion Arariwa. The group members are all neighbors from Yanahuapa, a small town about fifteen minutes outside of the city of Urubamba, in the Sacred Valley. Though this is Santa Rosa de Yanahuapa's first loan from Arariwa, many of the group members have previously participated in group loans, either through Arariwa or through other local financial institutions.

At the group's inauguration on March 26th, there was a warm, friendly atmosphere. After singing Peru's national anthem, the group members ate a celebratory inaugural meal of chicken, baked potatoes, corn and cheese in a spicy cilantro sauce, joking and laughing together all the while. The group's loan officer, Alfredo López, told the group that the seed capital they are receiving now may seem like very little, but soon their investments will bear fruit, and that single seed will produce 200, 500, or even 1000 seeds.

The group members are involved in a variety of businesses: they work as artisans, raising livestock or small animals like guinea pigs, growing grains, vegetables and flowers, as grocery store owners, and making and selling chicha, a traditional Andean alcoholic drink made from fermented corn.

The group's president, Juan Gualberto A. G., teaches at the local school and also buys and sells cattle as an extra source of income. He currently has three Brown Swiss cows, and is feeding them so that he can sell them for a higher price. He plans to use his loan to buy seed to plant more grass for his cattle. This is Gualberto's first group loan, and he hopes to lead the group well in order to help its members get ahead in life and expand their businesses. "This organization depends on all of us working well," he told the group. He reminded them that everyone must attend all of the group's meetings, make payments on time, be punctual and responsible, and show solidarity with the other group members.

The Santa Rosa de Yanahuapa group has agreed to work according to these principles and to repay their Kiva loan in full and on time.

Note: Three people in the photo are not group members. The group's loan officer, Alfredo, is pictured sitting on the floor in front of the group. Emperatriz, one of Arariwa's Village Bank Supervisors, is pictured on the far left of the front row. The wife of the group's Secretary is pictured in the back row, third from right.

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
  • 47
    View loans »
    Peru Loans Fundraising
  • $64,489,150
    Funds lent in using Kiva
  • 3.2
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Rosa De Yanahuapa Group's $3,025 loan helped a member various, including seed to grow grass for cattle.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Mar 26, 2009
Apr 1, 2009
Currency Exchange Loss:
Oct 15, 2009