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Durabank Group
In this Group: Walter, Belen, Abelardo, Fanny Lizbeth, Santusa, Bertha, Lisbeth, Axaltacion, Gabina, Mercedes, Maria Luz, Mariela, Jackelin Karolay, Carola*, Victor, Karen Sandra
* not pictured
The Communal Bank named “Durabank” is currently in its tenth loan cycle and consists of 16 hardworking and enterprising members who look at each moment as an opportunity to get ahead and provide a better future for their children. The members meet every thirty days at the offices of the microfinance division of Asociación Arariwa, which has its headquarters in Cusco. Some of the members’ business activities include selling jewelry, tempered glass, poultry, and other items. Other members provide services directly related to the land transportation industry that include attending customers, washing buses, making travel arrangements, accounting, automotive repair, mobile phone service, housekeeping, and laundry.

Belén is 42 years old and earns a living selling tour tickets. She has been in this business for 14 years and has done very well. Belén also has a side business selling cosmetics. She has been a member of her Communal Bank for three years and has performed well due to her punctuality and responsibility. Belén needs a loan to buy more cosmetics.

Cusco is a city that is known for its archaeological sites, historical center, and landscapes, making it one of the most charming cities in southern Peru.
View original language description ↓
El banco comunal “Durabank”, actualmente se encuentra en el X ciclo y está conformado por 16 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. Los socios se reúnen cada treinta días en las oficinas de la unidad de micro finanzas de la Asociación Arariwa sede Cusco.

Las actividades económicas de los algunos de los socios a las que se dedican son por ejemplo a las ventas de joyería, venta de colocaciones de vidrio templado, venta de aves de corral, etc. y otros socios brindan servicios que están ligados al transportes terrestre como por ejemplo atención al cliente, lavado de buses, administración de agencia de viajes terrestres, auxiliar contable, mecánico automotriz, llamadas de celulares, limpieza del hogar y lavado de ropa.

Belén tiene 42 años y su principal actividad económica se dedica a la venta de boletos turísticos. Hace 14 años que se dedica al negocio y le va muy bien. Su actividad económica complementaria es vender cosméticos.

Ya son 3 años que Belén participa en el banco comunal y le ha va muy bien gracias a su puntualidad y responsabilidad. Belén requiere el crédito para comprar más cosméticos.

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.

(Los socios Walter, Mariela y Gabina aparecen en la parte inferior de la fotografía, ellos se fueron rápido el día del desembolso y se les tomo la foto en otra reunión).

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

  • $12,000
    Average annual income
  • 101
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Durabank Group's $4,650 loan helped a member purchase cosmetics.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010