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In this Group: Leonarda, Maria, Tomasa, Biviana, Sonia*, Martin, Emiliano, Rufina, Susana, Vilma, Eulogia, Marcosa
* not pictured
The Munay Tika communal bank is part of the Asociación Arariwa. The group is made up of twelve members, with two sisters and just two men in the group. Many of the members make their living running small grocery stores or selling fruits and vegetables in markets, though some have jobs in other industries as well.

Most of the group members live in Urubamba, a small town that sits at the base of the snow-capped Chicon Mountain, near a number of significant ruins of the Incan Empire. The members of Munay Tika work in various locales in the sacred valley. Some sell their goods in Urubamba, while others work in Oyallantaytambo, a small town twenty minutes from Urubamba where many tourists catch the train to Machu Picchu.

Emiliano, a member of the group, owns a small grocery store but also holds a job in construction. He is 45-years old, married, and has four children. Emiliano now lives with his family in Urubamba, but was born in the region of Quillabamba. He plans to use his Kiva loan to better his grocery store.

The members of Munay Tika will use the loan from Kiva to further their businesses in the grocery sector. All of the members appreciate and thank you for the loan. They promise to pay the monthly payments on time.

Sonia is 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
  • 87
    View loans »
    Peru Loans Fundraising
  • $58,960,675
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Munay Tika Group's $3,850 loan helped a member to purchase more food to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 25, 2009
Dec 15, 2009
Currency Exchange Loss:
Jun 15, 2010