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San Juan De Quihuares Group
In this Group: Alejandro, Teofilo Wilber, Juana, Gloria, Segundina, Melchora, Yovana, Ysidora, Baleria, Alvino
The members of the Communal Bank “San Juan de Quihuares” are from the Acomayo province, located 3 hours from Cusco.

The members alternate their work between farming and livestock. They farm a variety of products in this area of the country, such as a varieties of potato, corn, wheat, barley, sweet potato, oca (a starchy tuber), and vegetables. Our members need a loan to be able to invest in buying a large number of seeds and fertilizer for their land and to buy some calves to fatten and sell as well as make dairy products from the milk and other small business sales. Here 8 members are dancing for the de Qoylloriti, which is a snow-capped mountain, which historically the Incas have provided homage to for being part of their God, providing them water.

The members are grateful for the loan and they promise to repay it in its entirety within the established timeframe.
View original language description ↓
Los socios del banco comunal “SAN JUAN DE QUIHUARES”, son de la provincia de Acomayo, ubicado a 3 horas de Cusco.

Los socios alternan sus actividades con la agricultura y la ganadería, ellos se dedican a cultivar sus tierras con los diferentes productos que la zona brinda, como es las diversas variedades de papa, el maíz, el trigo, la cebada, el olluco, la oca y verduras. Nuestros socios necesitan el préstamo para poder invertir en la compra de mayor numero de semillas y abonos para fertilizar sus tierras y en la compra de algunos ganados vacunos, que también los engordan y los venden, de igual manera sacan los derivados de la leche y hacen pequeños negocios con ellos. Aquí 8 socios se encuantran bailando para el Señor de Qoylloriti, que es una montaña con la copa nevada, que desde los tiempos de los Inkas se le rindió homenaje por ser parte de su Dios, el que les proveé de agua.

Los socios agradecen el préstamo otorgado y se comprometen a cumplir con el pago total de sus deudas en el plazo 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
  • 63
    View loans »
    Peru Loans Fundraising
  • $53,993,575
    Funds lent in using Kiva
  • 3.0
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of San Juan De Quihuares Group's $2,100 loan helped a member buy livestock, seeds, and fertilizer.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 9, 2009
Listed
Jul 3, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010