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Nueva Luz De Pachaquillay Group
In this Group: Jusoe, Julio, Edgar, Bernardino, Mercedes, Augusta, Francisco Wilber, Norma, Vicentina
The NUEVA LUZ DE PACHAQUILLAY communal bank is made up of 9 members who are starting their 3rd loan cycle. They are workers who always seek opportunities to succeed and to provide a better future for their children through their hard work. The members reside in Pachaquillay, Anta province, Cusco department; a city that is noted for its beautiful scenery, its agriculture and its cattle raising. The city of Anta is half an hour away from the city of Cusco.

The members are involved in various commercial activities, such as: food sales, crafts sales, grain and cattle sales. Others provide services like home construction. The members who have businesses are worried because sales have declined due to the heavy rains that fell on Cusco for three days.
This caused many travelers to cancel their trips to Pachaquillay and now the members are trying to recuperate their losses.

Edgar is a member of the “Nueva Luz de Pachaquillay” communal bank. He is 31 years old, lives with his life partner, Yovana. They are eucalyptus tree merchants. He needs funding to buy more eucalyptus trees.

The members, in general, are grateful for the opportunity provided and pledge to repay in a timely fashion.
View original language description ↓
El banco comunal NUEVA LUZ DE PACHAQUILLAY está formado por 9 socios, inician su tercer ciclo y son 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 en la comunidad de Pachaquillay de la provincia de Anta del departamento del Cusco, ciudad que se caracteriza por sus paisajes hermosos, su agricultura y su ganadería. La cuidad Anta se encuentra ubicado a una media hora de la Ciudad del Cusco. Las socias realizan diferentes negocios como la venta de comida, venta de artesanía, venta de granos y venta de ganado, otros socios brindan servicios como construcción de casas. Los socios que tienen negocios están preocupados porque las ventas han disminuido debido a las fuertes lluvias que cayeron por tres días en la ciudad del Cusco pues hicieron que clientes cancelaron sus viajes a la ciudad de Pachaquillay y ahora los socios están tratando de recuperar las ventas perdidas.

Edgar es socio del banco comunal “Nueva luz de Pachaquillay”, tiene 31 años de edad, es conviviente y su esposa se llama Yovana, ellos se dedican a la compra y venta de árboles de eucalipto. El socio requiere el préstamo para comprar más árboles de Eucaliptos.

Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de 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

  • $6,715
    Average annual income
  • 72
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Luz De Pachaquillay Group's $2,200 loan helped a member to buy more eucalyptus trees.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2010
Listed
Feb 17, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011