Wayna Ccapac Group

Thank you for your loan. It has been disbursed to WAYNA CCAPAC Group, consisting of PAULINA PACHECO DE MAMANI, YOBANA MAMANI PACHECO, ISABEL MAMANI TTITO, JUAN PABLO FLORES QUISPE, MILAGROS GLADYS COILA CACERES, SONIA VALDES SILVA, LUIS PUMASUPA TTITO, CLEOFE OCHOA CONDORI, EMPERATRIZ HOLGUIN DE CALLAÑAUPA, REYNALDO FERRO AGUILAR, NELIDA BANAVENTE MAMANI, KARLA DOMINGA QUISPE CASTRO, HERBERT PERZY ARANYA OLIVERA, IGNACIO ENCHISANA MENDOZA by Asociación Arariwa in Peru. We are excited to watch this business grow. Over the 4 months of this loan, Asociación Arariwa will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.

I visited Cleofe Ochoa Condori, a member of the Wayna Ccapac Village Bank, near her home in the San Juan neighborhood of the city of Urubamba.

Cleofe buys and sells dried foods like corn, barley, quinoa and jora (a special type of corn used to make chicha, a traditional Andean fermented corn beer). She works as an intermediary, buying from local producers and then sending the dried foods off to the city of Cusco, where they are either sold in the market or sent off to other parts of Peru for sale. Much of the corn and barley consumed in the rest of the country is produced locally. Cleofe is 42 years old and has spent almost half of her life working in this business. She used her Kiva loan of 800 soles (US$240) to buy 280 kilos of white corn. Business was slow during the rainy months of January-March, she says, but is now picking up again. In May, usually one of her best months for sales, she typically earns 100 soles (US$30) in profits on market days (Wednesday, Friday and Sunday).

Cleofe has been participating in village banks through Asociacion Arariwa for about a year. Before joining the institution, she had never taken out a loan (though she did have a small savings account with another financial institution). She generally enjoys participating in group loans, she said, though during this particular loan cycle Wayna Ccapac has been having some problems. “The group isn’t very united,” says Cleofe. “Not everyone is responsible.” Several group members who were behind on their loan payments have left town, leaving the rest of the group to come up with that money each month or face becoming delinquent on their loan. Cleofe says that her loan officer, Rosario, is planning to help the more responsible group members form a new group at the end of this loan cycle; Cleofe plans to join that group. Her goal for the future is to buy a motorcycle taxi (one of the main forms of transportation in the city of Urubamba).