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In this Group: Silvia Marleny, Sabina*, Luz Marina, Domitila, Julia Marleni, Paulina, Gertrudes, Julia, Zoila, Guillermina, Cleofe, Paulina, Isabel, Maruja, Marcelino*
* not pictured
The members of our group, Virgen D. los Angeles D. Huayllacocha, are clients of Asociación Arariwa. This communal bank consists of 15 members in Huayllacocha, a rural town 50 minutes from Cusco. All of the group members live in Huayllacocha. Most are involved in one or more of the following activities: growing crops for their small farms, purchasing goods such as barley, corn, potatoes, and fava beans, and traveling to nearby towns and commercial hubs to sell these grains and food products in marketplaces. Some are also involved in the milling and processing of grain products to sell.

Zoila is the president of the group. She is 60-years old, widowed, and has three adult children who are married and live on their own. Zoila makes a living selling jora, the fermented corn used to make a traditional Andean corn drink called chicha. She sells jora in the marketplace of Izcuchaca, a nearby transportation and commerce hub about a 20-minute drive from her rural town of Huayllacocha. In addition to selling jora, Zoila buys fava beans, barley, and wheat from local farms to sell in the markets.

She will use this loan to buy dried corn so that she can sell greater quantities of jora and other grain products in the marketplace.

(SABINA and MARCELINO are not pictured in the video)

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

  • $12,000
    Average annual income
  • 101
    View loans »
    Peru Loans Fundraising
  • $57,342,125
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Virgen De Los Angeles De Huayllacocha Group's $4,775 loan helped a member grains and Farm Supplies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2009
Listed
Nov 29, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010