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Qorichaska Del Cusco Group
In this Group: Rina, Yaneth, Yolanda, Luis Gualberto, Luzmila Elvira*, Juana, Cira Silva*, Julia Maxmilian, Emperatriz, Edwin Enrrique, Eluz Jakeline, Oswaldo Sixtillo, Delfin Leopoldo*, Maria Benigna, Shalom Isabel, Maria Cristina
* not pictured
The “QORICHASKA DEL CUSCO” communal bank is in its 13th loan cycle; it is composed of 16 hard-working people who are always seeking ways to get ahead in life and, through their daily effort, proviD. a better future for their children. The members are residents of Cusco province, Cusco department. Cusco is a city that is renowned for its historic city center, its scenery and its history; it is an enchanting city in the south of the country (Qorichaska is a Quechua word that means “golden star).

The members are involved in a variety of commercial activities. Some sell clothing, other sell cosmetics, shoes or clothes. Some sell school supplies while others proviD. public transportation services, are teachers or seamstresses. The communal bank has had several loan cycles and the members state that they are happy and satisfied with the credit services, the savings and the training they get. They especially appreciate the savings they can accrue by leaving their funds in a common account over time.

Yaneth is a member of the Qorichaska communal bank. She is 60 years old and is a single mother of two daughters, Karen and Krystel. She sells seasonal articles. For example, during the Christmas season she sell wine and when the new school year is about to start, she sells school supplies like uniforms and knapsacks. Yaneth tells us that she brings the school uniforms from the city of Tacna. She has been in this line of work for several years and has done well thanks to the efforts she puts into it. She has been a member of the communal bank for 15 years. At the beginning she would borrow 100 dollars but now, she heeds 300 dollars to pay educational costs for her daughter.

She also tells us that among her goals is opening a store in which to sell her products and to visit Mexico.

The members, as a whole, are grateful for the opportunity provided and pledge to repay in a timely fashion.

(The members Luzmila, Cira and Delfín do not appear in the group photo because they asked the governing board for permission to miss the disbursement meeting).
View original language description ↓
El banco comunal “QORICHASKA DEL CUSCO”, actualmente se encuentra en el XIII ciclo y esta conformado por 16 personas 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 socios que viven en la provincia D. Cusco del departamento Cusco. Cusco es una cuidad que se caracteriza por su Centro Histórico, sus paisajes, su historia siendo una ciudad encantadora D. la Región Sur del país. (Qorichaska es una palabra D. la lengua nativa del quechua que traducido al español significa estrella D. oro).

Las actividades económicas D. los socios a las que se dedican son el comercio como por ejemplo venta D. prendas D. vestir, venta D. cosméticos, venta D. zapatos, venta D. ropa y venta D. útiles escolares y otros brindan servicios transportes, enseñanza y costura. 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.

Yaneth es socia del banco comunal Qorichaska, tiene 60 años D. edad, es madre soltera y tiene dos hijas (Karen y Krystel). La socia se dedica a la venta D. artículos según la temporada por ejemplo en las fiestas D. navidad venD. por ejemplo vinos y por campaña escolar venD. por ejemplo útiles como uniformes y mochilas. Yaneth nos cuenta que ella trae los uniformes D. la ciudad D. Tacna. Ya son varios años que se dedica al negocio y le ha ido muy bien gracias al empeño que pone su trabajo. La socia Yaneth pertenece al banco comunal hace a 15 años y al principio se prestaba 100 dólares, ahora las socia requiere el crédito D. los 300 dólares para la educación D. su hija. La socia también nos cuenta que uno D. sus anhelos es abrir una tienda donD. pueda vender sus productos y viajar al país D. México.

Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago D. sus diferentes cuotas en los plazos establecidos. (Los socios Luzmila, Cira y Delfín no aparecen en la fotografía porque pidieron permiso a la junta directiva para no asistir al desembolso).

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
  • 78
    View loans »
    Peru Loans Fundraising
  • $54,535,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Qorichaska Del Cusco Group's $4,950 loan helped a member for her daughter's school expenses.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2010
Listed
Mar 5, 2010
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2010