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Señor De Torrechayoc Ii Group
In this Group: Edelmira, Albino, Sonia, Mariela, Luz Marina, Emilio, Walter, Angela, Meliton, Inocencia, Maria Purificacion, Neyda
The communal bank called Senor D. Torrechayoc II is maD. up of 8 women and 4 men, all hardworkers who always look for opportunities to improve their lives and economic situation, and through their daily efforts ensure a better future for their children. The members live near Cusco, in the city of Urubamba, a region known for its warm climate, beautiful scenery and cattle farming.



Mariela is a member of the bank. She is 33 years old and lives with her husband Walter, who helps with the household costs. Mariela sells wholesale groceries. She is an enterprising woman and from the time she opened her small shop she has done well. She has been a member of the communal bank for 2 years now, and she will use her portion of the new loan to purchase rice, sugar, noodles and eggs. The other bank members, Edelmira, Sonia and Luz Marina are teachers. Albino and Nayda also work selling grocery items and Angela sells vegetables.




Two other members, Milton and Inocencia, work selling bakery goods which they prepare themselves from a shop they rent. They lived in adobe houses close to the Vilcanota river. Due to the torrential rains which have been falling over the city of Cusco, the Vilcanota river overflowed its banks, destroying homes like Milton and Inocencia had. They lost all of their possessions, but they continue in their work asiD. from the tremendous difficulties. Other members are worried because sales have decreased in the wake of the rain which fell for three days in Cusco. These members worked directly with tourists, and tourism has fallen considerably.



The members all appreciate the opportunities that the communal bank provides for them, and they have committed to comply with their respective payments on time.

View original language description ↓
El banco comunal SEÑOR D. TORRECHAYOC II está formado por ocho mujeres y cuatro varones, trabajadores que buscan a cada momento las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos, las socias viven la ciudad D. Urubamba del departamento del Cusco, urbe que se caracteriza por su clima caluroso, sus paisajes hermosos, su agricultura y su ganadería.

Mariela es socia del banco comunal Señor D. Torrechayoc, tiene 33 años D. edad, es conviviente y su esposo Walter le apoya en el gasto familiar. Mariela se dedica a la venta D. comestibles por mayor, ella es una mujer emprendedora que desD. que abrió la tienda D. abarrotes le va muy bien, Ya son dos años que la socia pertenece al banco comunal Señor D. Torrechayoc, el crédito que reciba es para comprar mas arroz, azúcar, fideos y huevos.

Los otros socios como Edelmira, Sonia y luz Marina son profesoras, Albino y Nayda se dedican a la venta D. comestibles y Angela se dedica a la venta D. verduras.

Los socios Militon e Inocencia son esposos que se dedican a la panadería pues alquilan un local para preparar sus panes. Los socios tenían su casa D. material D. adobe cerca al rió vilcanota. Por las precipitaciones fluviales que cayeron sobre la ciudad del cusco, el rió del vilcanota aumento su caudal D. tal forma que se desbordo llevando se consigo casas como la D. los socios Militon y Inocencia, ellos perdieron todos sus pertenencias D. su domicilio. Los socios continuaran con sus trabajos a pesar D. las adversidades del clima.

Otros socios están preocupados por que las ventas han disminuido debido a las fuertes lluvias que cayeron por tres días en la ciudad del Cusco pues sus compradores trabajan directamente con el turismo, el turismo ha decaído considerablemente.

Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago D. sus diferentes cuotas en los plazos establecidos.

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
  • $57,341,375
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Señor De Torrechayoc Ii Group's $3,175 loan helped a member the money from this loan will be distributed to various members of the communal bank. Some members have small grocery stores, some teach, and some work with tourists. All have suffered from the recent torrential rain in Cusco, Peru.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2010
Listed
Feb 15, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010