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San Juan Ollantaytambo Group
In this Group: Adriana, Paulina, Rosa Luz , Raymundina, Juliana , Serafina, Serafina, Silvia, Laddy, Nilo, Andrea, Frine, Maria Elizabeth, Marina, Roxana, Luisa , Gregoria
The San Juan Ollantaytambo Village Bank is made up of 17 members who live about 20 minutes outside the town of Ollantaytambo, in the Sacred Valley outside the city of Cusco. The group has been together for 18 months (3 loan cycles), and has just graduated from Phase I of Arariwa’s group loan program, meaning that all of the group’s 2,600 soles in savings (US$825) was returned.


The group is now entering its first cycle of Phase II, for which it has invited four new members to join the group. All of the group members are from the same area and know one another well. Almost all of them work in agriculture or raise livestock, with the exception of the group’s president, Sra. Silvia, who is a schoolteacher in Cusco, and Marina, who sells clothing. Most of the group members speak Quechua (the primary indigenous language of Peru) as a first language, which is common in the countryside in the mountains. The group’s loan officer, Alfredo, also speaks Quechua, and conducts group meetings in a mix of Quechua and Spanish.


The group meets in Paulina’s home, which is located right next to the train tracks; each day dozens of trains pass by, taking tourists to and from Machu Picchu. Paulina is 43 years old. She has a family farm, where she grows corn, potatoes, squash, and wheat and also has eleven cows. She buys the cows young, then feeds and fattens them, and finally sells them to buyers who sell the meat in Lima.


Paulina is requesting a loan of 500 soles, which she plans to use to buy guinea pigs and chickens to raise. Guinea pigs are a Peruvian delicacy and relatively lucrative to raise, though they require a lot of care and attention to keep healthy. She buys each one for 15 to 20 soles, and can eventually sell them for twice as much. Chicks cost 15 soles for a pair, and after three to four months Paulina expects to sell them for twice as much. The group has pledged to repay its Kiva loan in full and on time.


Note: Two of the people appearing in the group photo are not members: the girl on the far left is the daughter of one of the group members, while the man seated on the ground in front is the group’s loan officer, Alfredo Lopez.

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

  • $6,715
    Average annual income
  • 119
    View loans »
    Peru Loans Fundraising
  • $56,101,350
    Funds lent in using Kiva
  • 3.1
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of San Juan Ollantaytambo Group's $3,025 loan helped a member buy seeds, fertilizer, small animals and animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 6, 2009
Listed
Apr 7, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009