Ccori Chuspa Group
These group members balance their many domestic activities with retail in Urubamba city. A large portion of them make their living by selling clothes, food, supplies, handicrafts, etc. The male members have a moto-taxi, which they use for a transportation business. One of the women in this bank sells handicrafts (jewels, bracelets, painted ceramics, cloaks, etc.), other members have general stores where they sell rice, sugar, oil, etc. One member is a gardener and has a farm where he cares for animals (guinea pigs, chickens, ducks, etc.). One member has a restaurant, where she sells food (breakfast, lunch, and dinner). Another member has a tailoring studio.
The members are soliciting this loan for working capital so that they can offer more products and increase their sales, in order to better the quality of life of their families.
All the members appreciate and are thankful for the loan they are receiving through this system, and thus have themselves promised to make all their payments according to the agreed-upon schedule.
(The member Edison is not in the picture, with permission from the directors of the communal bank, because of reasons of health)
Nuestros socios alternan sus diversas actividades con el comercio minorista en la ciudad de Urubamba, una gran parte se dedica a la venta de ropas, comida, víveres, artesanía, etc. Los socios varones tienen moto-taxi que hace el servicio de transportes. Una de las socias de este banco se dedican a la venta artesanía (joyas, pulseras, huacos retratos, mantos, etc.), otras socias tienen tiendas de abarrotes donde venden arroz, azúcar, aceite, etc. Un socio es jardinero y tiene una granja donde cría animales (cuyes, gallinas, patos, pollos, etc.). Una socia tiene un restaurante donde vende comida (desayuno, almuerzo y cena). Otra socia tiene su taller de costura.
Los socios solicitan el préstamo para que lo utilicen como capital de trabajo y de esta manera incrementar sus productos y aumentar sus ventas, para dar mejor calidad de vida a sus familias.
Los socios valoran y agradecen el préstamo otorgado mediante este medio y así mismo se comprometen a cumplir con el pago de sus cuotas en el plazo establecido.
(El socio Edison no aparece en la fotografía porque pidió permiso a la junta directiva del banco comunal por motivos de salud).
Important InformationAbout 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.
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Success!! The loan was 100% repaid