The members divide their time between various activities and managing their small retail businesses in the city of Cusco. Most of them are devoted to selling clothes, food, groceries, and handicrafts. Carlos has a taxi and provides transportation services throughout the city. Cristina is a teacher and spends her mornings instructing children. Dominga sells clothing. Juan Pablo, Roxanne, and Livia manage their own travel agencies and offer packaged tours of the Sacred Valley of the Incas, Pisac, Calca, Ollantaytambo, Machu Picchu, and Salkantay Valley. Adriana has a restaurant called “La Esquina” where sells breakfast, lunch, and dinner. Another member sells vegetables.
The group is requesting a loan to use as working capital so that they can increase their products and improve their sales. This will provide a better quality of life for their families. The members value and appreciate this loan and commit to making their payments on time.
(Group members Cristina and Adriana requested permission from the Communal Bank directors not to have their photograph taken for health reasons. They were allowed to leave before the picture was taken.)
Nuestros socios alternan sus diversas actividades con el comercio minorista en la ciudad del Cusco, una gran parte se dedica a la venta de ropas, comida, víveres, artesanía, etc. El socio Carlos tiene un taxi que hace el servicio de transportes en la ciudad. La socia Cristina es docente y se dedica por las mañanas a la enseñanza. La socia Dominga se dedica a la venta de ropas. Los socios Juan Pablo, Roxana, Livia tienen sus propias agencias de viajes que ofrecen paquetes turísticos por todo el Valle Sagrado de los Inca; Pisaq. Calca, Ollaytaytambo, Machupicchu y el valle de SalKantay. La socia Adriana tiene un restaurante llamado “La Esquina” donde vende comida (desayuno, almuerzo y cena). Otra socia vende verduras.
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.
(Las socias Cristina y Adriana no aparecen en la fotografía porque pidieron permiso a la junta directiva del banco comunal por motivos de salud y se fueron antes de tomar la foto).
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