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Qolquewasi Group
In this Group: Gladys Vilma, Elena, Nataly, Florentina*, Agustina, David*, Lucila, Nicolas, Nely, Yolanda, Lenina, Carlos, Fanny
* not pictured
The members of the “Qolquewasi” communal bank meet every thirty days in the offices of the “Asociación Arariwa” microfinance company in the city of Cusco. Currently, the communal bank is in its 12th cycle and is made up for hardworking, enterprising people who are always looking for ways to get ahead. With their daily efforts, they are securing a better future for their children.

Gladys is a 47 year old widow with three children, two of whom are grown up and one who is still dependent upon her.

Gladys tells us: “In my communal bank “Qolquewasi” there are 13 members (10 women and 3 men) and they elected me to represent the communal bank and give my testimony of my economic activity.” Gladys is a nurse and works in ESSALUD. It has been 20 years since she started working there and it is going very well. Along with her sister Nataly, she has a family business selling crafts in the “Intipakaria” market on the Sol Avenue in the city of Cusco. Gladys requires the loan in order to buy things such as material and paints for work.

The economic activities of some of the members include selling groceries, dry goods, guinea pigs, car parts, bread, and wooden furniture. Some members are involved in the service industry working in transportation, housekeeping, child minding, teaching and laundry services. Others are professionals in engineering systems and education.

The members value and appreciate the loans authorized through this method and promise to repay the loan in the established plan.

Cusco is a city that is known for its archeological and historical centers, its scenery, and its history. Cusco is a much loved city in this southern region of the country.

(Lucila, one of the group members, appears in a separate photo since she arrived late to the photo session).
View original language description ↓
Los socios del banco comunal “Qolquewasi” 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 ciclo 12 y está conformado por 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.

Gladys, tiene 47 años, es viuda, tiene tres hijas de las cuales dos son independientes y una todavía depende de ella.

Gladys nos cuenta. - En mi banco comunal “Qolquewasi” somos 13 integrantes (10 mujeres y 3 varones) y me eligieron a mí como representante del banco comunal para dar mi testimonio de mi actividad económica. Gladys es enfermera y trabaja en ESSALUD. Ya son 20 años que trabaja en el seguro y le va muy bien. Ella y su hermana Nataly tienen un negocio familiar de venta de artesanía en el centro comercial “Intipakaria” en la Av. del Sol de la ciudad del Cusco. Gladys hace dos años que fue elegida como la fiscal. Gladys requiere el préstamo para comprar materiales de trabajo como por ejemplo tela, pinturas, etc.

Las actividades económicas de algunos de los socios a lo que se dedican son a las ventas de comestibles, venta de productos secos, venta de cuyes, venta de autopartes, venta de panadería, venta de muebles de madera y otros socios brindan servicios de transportes, empleada, atención de familia, profesora de inicial, lavar ropa y además son profesionales en ingeniería de sistemas y educación.

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.

(La socia Lucila a parece en la parte inferior de fotografía pues llegó tarde a la toma de la foto).

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
  • 99
    View loans »
    Peru Loans Fundraising
  • $57,945,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Qolquewasi Group's $3,750 loan helped a member gladys requires the loan in order to buy things for work such as material, paints etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2010