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Mainiqui Group
In this Group: Feliciana, Lucia, Elizabeth, Maria, Carina, Clorinda, Hilda, Isabel, Maritza, Hilda*, Gladis, Alicia, Faustina, Olimpia, Leydi Josefina, Juana Marisol
* not pictured
The “MAINIQUE” communal bank is currently in its 3rd cycle. It is maD. up of 16 hard working women who are always looking for opportunities to get ahead and who strive daily to give their children a better future. The members of the communal bank live in Urubamba province, department of Cusco, located 50 minutes from the city of Cusco. The city of Cusco is known for its Historic Center, its scenery and its history as an enchanting city in the Southern Region of the country.

The members make their livings with the sales of agricultural products and handicrafts. The communal bank has been active for several cycles, as evidenced by the members, who are happy and satisfied with the credit, savings and training services. An ongoing valuable aspect of the communal bank is the service offered of group savings, which allows for the possibility of building up capital.

Feliciana is a member of the Mainique communal bank. She is 48 years old, married and the mother of six children, 4 of whom live independently from her and two who are still dependent. Her younger children are in school. Feliciana makes her living selling "jora" (fermented corn) in Urubamba's standard market, and she also makes "chicha" (a regional beverage of southern Perú maD. with a base of Jora). Feliciana tells us that she also rents a plot of land where she grows agricultural products, and after the harvest sends them to be sold in the cities of Quillabamba and Cusco. This member needs the loan to purchase corn. Her dream is to help her oldest daughter graduate as a professional tour guiD..
View original language description ↓
El banco comunal “MAINIQUE”, actualmente se encuentra en el III ciclo y esta conformado por 16 mujeres trabajadoras que buscan a cada momento las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos, es un banco comunal conformado por socias que viven en la provincia D. Urubamba del departamento Cusco que se encuentra ubicada a 50 minutos D. la ciudad del Cusco, Cusco urbe se caracteriza por su Centro Histórico, sus paisajes, su historia siendo una ciudad encantadora D. la Región Sur del país.

Las actividades económicas D. los socios a las que se dedican son el comercio D. productos agrícolas y servicios D. venta D. artesanía. El banco comunal tiene varios ciclos D. funcionamiento, como manifiestan las socias, se encuentran contentas y satisfechas con los servicios D. crédito, ahorro y capacitación, por el tiempo D. permanencia en el banco comunal un aspecto D. valoración es el ahorro por la posibilidad D. capitalización que les brinda este servicio.

Feliciana es socia del banco comunal Mainique, tiene 48 años D. edad, es casada y madre D. seis hijos D. las cuales 4 son independientes y dos dependen D. ella todavía, sus hijos menores estudian en el colegio. Feliciana se dedica a la venta D. jora (Maíz fermentado) en el mercado modelo D. Urubamba y también hace chicha (bebida regional del sur del Perú elaborada a base D. Jora). Feliciana nos cuenta que también alquila un terreno donD. cultiva productos agrícolas y después D. cosechar manda para vender a las ciudades D. Quillabamba y Cusco. La socia requiere el crédito para comprar maíz. El sueño D. la socia es hacer graduar a su hija mayor como profesional D. guía D. turismo.


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
  • 115
    View loans »
    Peru Loans Fundraising
  • $56,100,525
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Mainiqui Group's $4,775 loan helped a member the member needs the loan to purchase corn.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2010
Listed
Mar 4, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010