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Batan Orcco Group
In this Group: Martha, Narcisa, Justa Beatriz, Julia, Florencia, Hermelinda, Fortunata, Livia, Cornelia, Julio Cesar
The members of “BATAN ORCCO” meet every 30 days in the Huaro district, located in the Quispicanchis province in the Cusco department. The communal bank is represented by three ladies; Julia who is the president, Livia who is the secretary, Narcisa who is the treasurer, and Martha who is the auditor. The bank finds itself in its second cycle and is maD. up of 10 hard working and enterprising people. They are constantly searching for opportunities that will help them get ahead and proviD. a better life for their children.

In the city of Huaro the population depends exclusively on farming and raising livestock. Huaro is a zone of fertile land where they raise crops such as corn, squash, carrots, beans, etc. Some of the members' businesses involve; tamale sales, buying and selling vegetables and dried grain, sales of punch and food, and sales of tubers. Others proviD. services such as security.

Martha, the auditor, is 44 years old. She is married and has two children. Her primary activity is the sale of food, but she also sells "chicha" and raises livestock, such as guinea pigs. She's been doing this for a number of years and has been doing well, thanks to effort she puts into her work. She needs this loan in order to increase her working capital and to buy small animals, such as guinea pigs. She is a hard working woman who participates in the Puno – Cusco program, helping her neighbors in the Huaro community.

The members value and appreciate the loan they received through this means and they promise to repay according to schedule.
View original language description ↓
Los socios del “BATAN ORCCO” se reúnen cada treinta días en el distrito D. Huaro D. la provincia D. Quispicanchis del departamento del Cusco. El banco comunal está representado por las señoras; Julia que es la presidente, Livia que es la secretaria, Narcisa que es la tesorera y Martha que es el fiscal. Actualmente, el banco comunal se encuentra en el II ciclo y está conformado por 10 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.

En la ciudad D. Huaro los pobladores se dedican exclusivamente a la agricultura y ganadería, Huaro es zona D. tierra fértil donD. se cultiva productos como por ejemplo maíz, zapallo, zanahoria, habas y etc. Las actividades económicas D. algunos D. los socios es por ejemplo; venta D. tamales, compra y venta D. verduras, compra y venta D. granos secos, venta D. ponche y comida, venta D. tubérculos y venta D. comestibles. Otros socios se dedican a brindar servicios como por ejemplo D. seguridad ciudadana.

Martha es fiscal del banco comunal, tiene 44 años, es casada, tiene dos hijos y su actividad principal es la venta D. comestibles y su actividad complementaria es la venta D. jora D. chicha y la crianza D. animales menores como por ejemplo los cuyes. Ya son varios 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 animales menores como por ejemplo cuyes, ella es una mujer trabajadora que participa en el programa corredor Puno – Cusco y en el vaso D. leche ayudando a sus vecinas D. la comunidad D. Huaro.

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

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
  • 125
    View loans »
    Peru Loans Fundraising
  • $56,814,000
    Funds lent in using Kiva
  • 2.9
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Batan Orcco Group's $3,200 loan helped a member working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2010
Listed
Apr 18, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010