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Pitusiray Group
In this Group: Milagros, Hector, Leonardo, Leonardo, Patricia, Hortencia, Ruben, Ricardo, Yovana Esther, Estanislao Alfred, Flor Vegonia, Sonia, Jose Luis, Yessenia, Josefina Luz
This village bank is called “PITUSURAY”. It has 15 members, both men and women, all are residents of Calca province, located 1 hour and 30 minutes outside of Cusco by public car.

The village bank members perform different tasks, with the main activities being agriculture, livestock farming, and retail. The majority of members also work in tourism, some have jewelry stores, textiles, handicrafts, restaurants, lodges, and home stays. Members are asking for a loan in order to expand their busineses and many of them to also improve themselves.

Our members are very appreciative and value the support given by this method, they all agree to comply with loan payments on the dates scheduled.
View original language description ↓

Este banco comunal se denomina “PITUSURAY”, cuenta con 15 miembros, entre varones y mujeres, todos residentes en la provincia de Calca, ubicado a 1:30 minutos en carro público de la ciudad del Cusco.

Los socios del banco comunal realizan diferentes labores, teniendo como principal actividad, la agricultura, la ganadería y el comercio minorista, en su mayoría los socios trabajan en turismo, alguno de ellos tiene tiendas de joyas, textiles, artesanías, restaurantes, hospedajes, casas familiares, los socios solicitan el préstamo para ampliar sus negocios y mucho de ellos, mejorar los mismos.

Nuestros socios están muy agradecidos y valoran el apoyo otorgado mediante este medio y se comprometen a cumplir con el pago de sus préstamos en las fechas programadas.

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
  • 115
    View loans »
    Peru Loans Fundraising
  • $56,074,975
    Funds lent in using Kiva
  • 3.1
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Pitusiray Group's $3,825 loan helped a member to implement their businesses.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2009
Listed
May 1, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009