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Yayanmarca De Cusipata Group
In this Group: Paulina, Francisca, Otorino, Sonia, Juan, Holder, Ubaldina, Maria Esperanza, Damiana, Matilde, Alejandrina, Juana, Clara, Nicolasa, Serapio
The members of the “Yayanmarca de Cusipata” community bank are from the community of Cusipata, located about 2 hours and 30 minutes from the city of Cusco.

Most of the members alternate between household activities and farming. They raise cattle and sell dry grains that they have grown in their own fields. Other members sell vegetables or food in the main market, and two members have stores. The members are asking for a loan for working capital to invest in their land; they need to buy seeds and fertilizer so they can plant crops.

The members are very grateful for the assistance they receive and commit to making regular repayments on their debt in the timeframe that has been established.
View original language description ↓

Los socios del banco comunal “YAYANMARCA DE CUSIPATA”, son originarios de la comunidad de Cusipata, ubicado a 2 horas y 30 minutos de la ciudad del Cusco.

Estos socios alternan sus actividades de casa con la agricultura como primera actividad y le sigue a eso la ganadería y la venta de granos secos, provenientes de sus mismos cultivos, otras socias venden en el mercado principal verduras, comidas y 2 de ellas tienen sus tiendas, los socios solicitan el préstamo en razón de capital de trabajo, para poder invertir en sus terrenos y volver a sembrar sus tierras, necesitan comprar semillas, abono.

Los socios se encuentran muy agradecidos por el apoyo brindado mediante este medio y así mismo se comprometen a seguir cumpliendo con el pago de sus deudas en el tiempo establecido.

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
  • 35
    View loans »
    Peru Loans Fundraising
  • $54,501,725
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Yayanmarca De Cusipata Group's $3,900 loan helped a member to purchase seeds, fertilizer, and animals.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2009
Listed
Jun 3, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009