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Huacchacunapac Group
In this Group: Bernardina*, Sofia, Rebeca Magdalena, Valentin Eusebio, Paulina, Leoncio, Arcadio, Lucio, Felipa, Gregorio, Abel, Nieves, Olga, Alejandra
* not pictured
The members of the communal bank HUACCHACUNAPAC live in the rural community of Ccapana, in the Quispicachis district of the Cusco region, which is four hours from the city of Cusco. This bank has 14 members who are engaged in a variety of business activities. Principally they are farmers, cultivating land to produce potatoes and corn. Others are engaged in the production of livestock; they purchase cattle and fatten them and reproduce them so that they can improve their breeds and sell their calves. In addition they produce dairy products from the cows, such as fresh milk and natural yogurts and cheeses. Other members sell dry products such as seeds, lima beans, corn, cereals and beans, among others. This group is requesting a loan to continue investing in improving their production and their quality of life through these activities. The group members appreciate and value the loan granted through these means, and commit to making the payments on the debt in the established timeframe.
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Los socios del banco comunal HUACCHACUNAPAC; están ubicados en la comunidad campesina de Ccapana, en el distrito de Quispicachis, en el departamento de Cusco, a 4 horas de la misma ciudad el Cusco.

Nuestros socios son un grupo de 14 miembros, todos ellos alternan sus actividades principales con diferentes comercios, principalmente ellos son agricultores, tienen en su mayoría tierras de cultivo, de papa, maíz; seguidamente a esta actividad tenemos a los ganaderos, que son socios que compran ganados vacunos y los engordan y reproducen, para así mejorar sus razas o vender sus crías, también sacan derivados de la vaca, como son la leche fresca, el yogurt natural y queso de la zona; otros socios venden los productos secos, como son semillas, pallares, maíz, cereales, habas, entre otros. Nuestros socios solicitan el préstamo para así seguir invirtiendo en mejorar su producción y su calidad de vida mediante sus actividades.

Nuestros socios agradecen y valoran el préstamo otorgado mediante este medio y así mismo se comprometen a cumplir 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
  • 107
    View loans »
    Peru Loans Fundraising
  • $56,740,750
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Huacchacunapac Group's $1,775 loan helped a member working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2009
Listed
Oct 5, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010