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Ollantay Ii Group
In this Group: Gregoria, Margarita, Ofelia, Mileni Yulderikc, Maria, Juana Nelly, Juana Esther, Sofia, Everth, Sayda Silvia, Oshiel, Sumico Magnolia, Biviana
Gregoria is 35 years old and lives with her partner and her three children in the city of Cusco. She tells us, "In my community bank 'Ollantay II', there are 13 members (12 women and one man), and the board of directors consists of Juana Esther as president, Magarita as the treasurer, Ofelia as the secretary, and Sofia as the finance advisor. The meetings are every 30 days at the central office of Asociación Arariwa. In this instance they have chosen me as the representative of the community bank to give my testimonial about my principal economic activity." Gregoria has been with the community bank for two years and she makes a living buying potatoes and selling them peeled to poultry shops and restaurants. She is requesting the loan to purchase potatoes. She has had the business for five years and it is going very well. Her dream is to have her own home and see her children become professionals. The majority of the community banks members are merchants. For example, some make a living in jewelry, others sell fruits, meals, groceries or craftwork, while others proviD. services as a parts collector, teacher, etc. The majority of the members are punctual and responsible with their payments.
View original language description ↓
Gregoria, tiene 35 años, es conviviente, tiene tres hijos y vive en la ciudad del Cusco.

Gregoria nos cuenta. - En mi banco comunal “Ollantay II” somos 13 integrantes (12 mujeres y 1 varón), la junta directiva está conformada por Juana Esther que es la presidente, Margarita que es la Tesorera, Ofelia que es la secretaria, Sofía que es la fiscal y las reuniones son cada treinta días en la oficina central D. la Asociación Arariwa y en esta oportunidad me eligieron a mí como representante del banco comunal para dar mi testimonio D. mi principal actividad económica.

“Gregoria hace dos años que participa en el banco comunal Ollantay II la Unidad D. Micro finanzas D. la Asociación Arariwa”.

Gregoria su principal actividad económica es la venta y compra D. papa pelada para las pollerías y restaurante, Gregorio requiere el préstamo para comprar papa. Ya son 5 años que trabaja en el negocio y le va muy bien. Su sueño D. la socia es tener su propia casa y sacar profesionales a sus hijos.

La mayoría D. los socios son comerciantes por ejemplo algunos se dedican a la bisutería, venta D. frutas, venta papa pelada, venta D. comestibles, venta D. abarrotes, venta D. artesanía y otros socios brindan servicios como por ejemplo D. cobrador D. pasajes, profesora, etc. La mayoría D. los socios son puntuales y responsables con las cuotas.

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
  • 100
    View loans »
    Peru Loans Fundraising
  • $55,041,650
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Ollantay Ii Group's $3,675 loan helped a member purchase potatoes and other products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2010
Listed
May 6, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010