Stories tagged with Peru

Nov 11, 2009 PE Peru

By Josh Wilcox, KF9 Peru

Taking a brief recess from borrower profiles and repayment schedules at Kiva’s MFI pilot partner Caja Rural one weekend in Ica, Peru, I escaped to visit the small town of Huacachina, the “oasis of America”, located just a few miles outside the sandy metropolitan hub of Ica. Having become famous for its natural lake enclosed by sand dunes, the tiny city of about 115 people has become an immensely popular tourist destination not only for its aesthetic appearance but also the sandboarding and dune buggies.

For those unfamiliar, sandboarding is...

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Oct 10, 2009 PE Peru

By Sheethal Shobowale, KF9, Peru

In Cusco, Peru, Halloween is celebrated in full force.  It kinda feels like home (side note: home for me is Brooklyn, New York).  Back in New York, I usually put some pumpkins on my stoop and make some curried pumpkin soup. This year, Cynthia McMurry (Kiva’s Field Support Specialist in South America) and I are going to carve a zapallo and make some soup.  So it will feel like home!

Here are some photos from Halloween in Cusco -

I’ll add more over the weekend when I see people dressed up and out trick ‘o...

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Oct 10, 2009 BO Bolivia

By Suzy Marinkovich, KF 8/9

As you may have seen, over the past couple of months Kiva has seen its first loans expire on the site.  Currently, I am in my eighth week of working with a brand-new Kiva partner, CIDRE, an MFI specializing in agriculture and livestock loans in Bolivia.  I mention this because I’ve noticed a significant portion of the loans that have expired or are close to expiration are from MFIs in Bolivia. I realize my opinion is skewed by having spent only a handful of days at Kiva headquarters followed by 5 months at two Kiva partners in South America.  As...

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Oct 10, 2009 PE Peru

By Shereef Zaki, KF9, Perú

Cultural issues surrounding privacy can be one of Kiva’s biggest challenges regarding implementation in the field. Not everyone wants their photo publicized and many hold suspicions when it comes time to sign a waiver. But I think the biggest challenge for Kiva is far more prosaic. The act of getting to a borrower can be an ordeal in and of itself, and things just got more ‘adventurous’ at my MFI.

EDPYME Alternativa has created a new loan product – called Capital Semilla or Seed Capital – destined specifically for clients who will become...

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Oct 10, 2009 PE Peru

By Sheethal Shobowale, KF9, Peru

My first loan disbursement outside of the Asociación Arariwa office took place in San Sebastian, an area of Cusco about 15 minutes away from the office.

This group meeting was my ideal picture of group microfinance.  Banco Comunal de Maria Auxiliadora is a group of 11 low-income women from Cusco, engaged all all different types of businesses, from cosmetic and grocery sales to artesanía.  They had failed to make their repayments on time in their last loan cycle but this time, Valentina, their loan officer was determined for them to...

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Oct 10, 2009 PE Peru

By Bryan Goldfinger, KF9 Peru

After my first blog post and the various emails and comments I received in response, I felt an obligation to at least provide somewhat of an update on the “Guinea Pig Situation” here in Peru.  Ironically, after dubbing myself “the Guinea Pig” there seems to be some sort of astrological connection, an alignment of planets, which has been steering me in the direction of various guinea pig interactions (my own curiosity may also have had something to do with this).

...
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Oct 10, 2009 PE Peru

by Josh Wilcox, KF9 Peru

With a significant new source of funding comes considerable responsibility and opportunity for those who represent the funds at the local MFIs (aka the Kiva Fellows).  One of the most exciting privileges about working at a brand new pilot partner is the opportunity to influence how Kiva is best utilized and implemented.  When discussing just this topic with the credit manager of Caja Rural Señor de Luren, we brainstormed how the new “Kiva product” could benefit the community within Ica where other capital did not penetrate:

  • The major...
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Oct 10, 2009 PE Peru

By Shereef Zaki, KF9, Perú

One of my first posts was titled ‘recession proof’’ in which I described the resilience of micro-businesses and the integrity of micro-lending. This time around, I want to detail a theme I had only painted with large brushstrokes.

Although EDPYME Alternativa’s borrowers are scattered throughout the region, I live in Chiclayo and it has become the backdrop and the context of my life. To me, one of the most fascinating parts of this small city is the dearth of big box stores. In their absence exists a constant buzz of small-scale commerce....

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Oct 10, 2009 PE Peru

By Sheethal Shobowale, KF9, Peru

Wordreference translates the Spanish word socio as member or partner.

Yesterday, on my first day as a Kiva Fellow at Asociación Arariwa, I got to see my first group loan disbursement.  Raquel (the Kiva coordinator at Arariwa) described the borrowers as Nuestros Socios (our members).  In a group loan at Arariwa, the borrowers are Socios del banco.  A lender who joins the Kiva community can also be called a Socio de Kiva...

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Oct 10, 2009 PE Peru

By Shereef Zaki, KF9, Perú

‘Connecting people through lending,’ precedes ‘alleviating poverty,’ in Kiva’s mission statement. I have come to believe that the goal might actually be of a higher as opposed to a simple aesthetic preference. I mean, maybe we could eradicate poverty individually, but with the concerted effort of a community it can be done more effectively. In a community one can share ideas, efforts, problems, solutions and risks.

And last week that is exactly what Kiva’s partner institutions in Latin...

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