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Warmicuna Llanqanchis Group
In this Group: Teodora, Evangelina, Hilda, Rosa Maria, Elsa Gregoria, Amador, Nadia Berna Del Rosario, Luciana, Florencia, Leonarda Isabel, Miguel Angel, Ruth, Margarita, Bibiana, Benedicta
The Warmicuna Llanqanchis Communal Bank is currently in their ninth cycle. The members’ meetings are held once a month in the offices of the Asociación Arariwa in the Anta province. The communal bank is comprised of 15 hard-working and entrepreneurial people who are looking every minute for the opportunities to get ahead. With their daily efforts they look to give their children a better future.

It is a communal bank whose members live in the cities of Cusco and Izcuchaca. Cusco is a city known for its archaeological sites, its Historical Center, its landscapes, and its history for being one of the most enchanting cities in the southern part of the country.

Examples of some of their economic activities are selling jewelry, selling sweets, selling produce, selling vegetables, selling trees, selling food, selling small animals, and selling braids and tassels. Some offer services like laundry and teaching. The communal bank has operated for several cycles. The members say that they are happy and satisfied with the loan services, the savings, and the training. An ongoing valuable aspect of the communal bank is the service offered of group savings, which allows for the possibility of building up capital.

Margarita is part of the Warmicuna Llanqanchis Communal Bank. She is 50, and she lives in the city of Izuchaca. She has five children, and four of them are independent. Her last child, Alejandro is still dependent upon her. Margarita tells us that she sells chickens. She sells her animals every Sunday at the Izuchaca Sunday fair.

She raises chickens and guinea pigs to make “Chiricucho” (The most famous dish in Cusco is Chiriuchu, which means cold chili pepper. It is a dish maD. from chicken, guinea pig, blood sausage, seaweed, toasted corn kernels, tortilla, cheese and other ingredients. It is prepared for the holidays in Cusco.) She has been in the business for three years, and it has gone very well for her thanks to the effort she puts into her work.

During the school season Margarita tends the school store at the Agustin Gamarra School. She sells sweets, cookies, desserts, and food. She needs the loan to set up the school store. She wishes to buy sugar, cookies, and flour, etc.

The members are grateful for the opportunity of the loan, and they promise to make their payments on the established timeline.
View original language description ↓
El banco comunal “WARMICUNA LLANQANCHIS”, actualmente se encuentra en el IX ciclo, las reuniones de los socios son una vez al mes en las oficinas de la Asociación Arariwa de la provincia de Anta, el banco comunal esta conformado por 15 personas trabajadoras y emprendedoras 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 las ciudades del Cusco y Izcuchaca. Cusco es una cuidad que se caracteriza por su centros arqueológicos, su centro histórico, sus paisajes, su historia, siendo una ciudad encantadora de la Región Sur del país.

Las actividades económicas de los socios a las que se dedican son por ejemplo: venta de joyas, venta de golosinas, venta de hortalizas, venta de verduras, venta de árboles, venta de comestibles, venta de animales menores, venta de pasamanería y otros ofrecen servicios de lavandería y docencia. El banco comunal tiene varios ciclos de funcionamiento, como manifiestan las socias, se encuentran contentas y satisfechas con los servicios de crédito, ahorro y capacitación, por el tiempo de permanencia en el banco comunal un aspecto de valoración es el ahorro por la posibilidad de capitalización que les brinda este servicio.

Margarita forma parte del banco comunal “Warmicuna Llanqanchis”, ella tiene 50 años de edad, ella vive en la ciudad de Izuchaca, ella tiene cinco hijos de las cuales cuatro son independientes y Alejandro es su último hijo que todavía depende de ella.
Margarita nos cuenta que se dedica a la venta de pollos, ella vende sus animales todos los días domingos en la feria dominical de Izcuchaca y ella cría pollos y cuyes para preparar Chiriucho (El plato más famoso del Cusco es el CHIRI UCHU (Ají Frió) un plato a base de gallina, cuy, morcilla, cochayuyu, cancha, tortilla, queso y algunos otros ingredientes...y se prepara para las fiestas del Cusco). Ya son tres años que se dedica al negocio y le ha ido muy bien gracias al empeño que pone en su trabajo. Margarita en época escolar se dedica a la atención de la tienda escolar del colegio “Agustin Gamarra” donde vende golosinas, galletas, postres y comida, ella requiere el préstamo para implementar la tienda escolar y desea comprar azúcar, galletas, harina, etc.

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
  • 112
    View loans »
    Peru Loans Fundraising
  • $56,813,675
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Warmicuna Llanqanchis Group's $4,450 loan helped a member margarita needs the loan to set up the school store. She will buy sugar, cookies, and flour, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 8, 2010
Listed
Mar 15, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010