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Llapanchis Tticarisunchis Group
In this Group: Olga, Reynaldo, Julia, Zoraida, Juan, Yolanda, Marina, Richar, Walter, Augusta, Rene, Diana Margot, Raul
The Communal Bank “Llapanchis Tticarisunchis” is led by Julia who serves as president, Olga who serves as secretary, Zoraida who serves as treasurer, and Walter who serves as auditor. The members meet every thirty days at the microfinance offices of Asociación Arariwa in the city of Cusco. The Communal Bank is currently in its sixth loan cycle and consists of 13 hardworking and enterprising individuals who look at each moment as an opportunity to get ahead and provide their children with a better future.


Some examples of the businesses the members are engaged in include selling food, decorations, beauty products, medicines, clothing, skewered meats, bread, and vegetables. Others work in service positions such as bakers, bricklayers, visiting health professionals, and cashiers.


Olga is 32 years old, married, has three children, and works as a clothing distributor. She tells us that she travels to the city of La Paz in Bolivia and brings back her merchandise. Olga has already been in this business for five years and has done very well as a result of her commitment to her work. She needs a loan to increase her business capital because she wants to buy merchandise, such as jackets. Olga has been a Communal Bank board member since 2008 and currently is the secretary. She was selected to be one of the Communal Bank representatives because of her punctuality and responsibility.


The members value and appreciate the loan that has been provided to them and promise to make their payments on time.


Cusco is a city known for its archaeological sites, historical center, landscapes, and history. It is a charming city located in the southern part of the country.

View original language description ↓
El banco comunal “LLAPANCHIS TTICARISUNCHIS” está representado por Julia que es la presidenta, Olga que es la secretaria, Zoraida que es la tesorera y Walter que es el fiscal. Los socios se reúnen cada treinta días en las oficinas de la unidad de micro finanzas de la Asociación Arariwa de la ciudad del Cusco. Actualmente, el banco comunal se encuentra en el VI ciclo y está conformado por 13 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.

Las actividades económicas de los algunos de los socios es por ejemplo; venta de comidas, venta pasamanería, venta de productos de belleza, venta de medicamentos, venta de ropa, venta brochetas, venta de panes y venta de verduras. Otros socios brindan servicios como por ejemplo de panadería, albañil, visitador médico y cajera.

Olga, tiene 32 años, es casada, tiene tres hijos y se dedica a la distribución de ropa, ella nos cuenta que viaja la ciudad de la Paz del país de Bolivia de donde trae su mercadería. Ya son 5 años que se dedica al negocio y le ha va muy bien gracias al empeño que le pone a su trabajo, ella requiere el préstamo para aumentar el capital del negocio y desea comprar mercadería como por ejemplo casacas. Olga forma parte de la junta directiva del banco comunal desde el año 2008 y es la secretaria, ella fue elegida como una de las representes del banco comunal por su puntualidad y responsabilidad,

Los socios valoran y agradecen el préstamo otorgado mediante este medio y así mismo se comprometen a cumplir con el pago de sus cuotas en el plazo establecido.

Cusco es una ciudad que se caracteriza por sus centros arqueológicos, su centro histórico, sus paisajes, su historia, siendo una ciudad encantadora de la región sur del país.

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
  • 128
    View loans »
    Peru Loans Fundraising
  • $56,130,550
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Llapanchis Tticarisunchis Group's $4,025 loan helped a member operating capital to purchase merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2010
Listed
Apr 15, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010