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Pachapaccari Group
In this Group: Melitona, Antonia Hortencia, Jorge Luis, Tadeo, Cesar David, Cinthya Masina, Juliana, Vilma, Katy Clara, Lenny Carmen
Our socios are part of a communal bank consisting of 10 members in Cusco. The group is called Pachapaccari.


Some of the members are married, others live with their significant other, some have children, and some are single. One of the members is a rafting guide, a chef, and a printer. They will use the loan for various business activities, such as buying ingredients to make breakfast for clients, materials to knit artisanal goods, and carpets to sell.


This is the group’s first loan from Arariwa. The group appreciates and thanks you for the loan and promises to pay the monthly payments on time.


(One borrower's spouse and child are pictured as well.)

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
  • 125
    View loans »
    Peru Loans Fundraising
  • $56,116,275
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Pachapaccari Group's $2,150 loan helped a member working capital for their businesses.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2009
Listed
Oct 30, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010