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Llankasunchis De Lares Group
In this Group: Paulina, Toribia, Rufina, Nayruth, Hector, Josefina, Clorinda, Nieves, Magno Gregorio, Jovita, Milton, Felipe
The members of the community bank “Llankasunchis de Lares” meet every 30 days in the micro finance offices of Asociación Arariwa in the city of Lares. The community bank is in their ninth loan cycle and is made of up laborers and entrepreneurs who take every chance they get to get ahead and through their daily efforts strive to improve the future of their children. The quechua word "Llankasunchis” means "workers".

Paulina is 37 years old and has two 12 year old twins who are attending school.

Paulina told us - My community bank "Llankasunchis” is made up of 12 members (8 women and 4 men). They elected me to represent the community bank and describe my economic activities. Paulina has a restaurant call "Las Gemelas" in the the Plaza de Armas in the city of Lares where she prepares breakfast, lunch, dinner, and food specially ordered by her clients. Paulina requires the loan to purchase supplies such as sugar, rice, potatoes, vegetables, meat, etc.

Some of the principle economic activities that members of the community bank engage in are: the sale of food on foot in the Plaza de Armas in Lares for the “Asociación de Vianderas de comunidad de Lares”, growing and selling young animals, grocery sales, sale of chicha (corn liquor) and fruit and others offer services in the municipal district of Lares. They complement each others activities because they all work with cattle and agriculture and sell their products in the market of “Machacancha” on Mondays until 2 in the afternoon and then relocate to the “Cachin” market on Tuesdays.

The community bank members value the loan and are very grateful. They will pay the loan down according to the terms agreed upon.
View original language description ↓
Los socios del banco comunal “Llankasunchis de Lares” se reúnen cada treinta días en la oficina de atención de la unidad de micro finanzas de la Asociación Arariwa de la ciudad del Lares. Actualmente, el banco comunal se encuentra en el ciclo 9 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. La palabra quechua “Llankasunchis” que traducido al castellano significa “Trabajemos”.

Paulina, tiene 37 años, tiene dos gemelos de 12 años que estudian en la escuela.

Paulina nos cuenta. - En mi banco comunal “Llankasunchis” somos 12 integrantes (8 mujeres y 4 varones) y me eligieron a mí como representante del banco comunal para dar mi testimonio de mi actividad económica. Paulina tiene un restaurante en la plaza de armas de la ciudad de Lares “Las Gemelas” donde prepara desayuno, almuerzo, cena y comida a pedido del cliente. Paulina requiere el préstamo para comprar insumos como por ejemplo azúcar, arroz, papas, verduras, carnes, etc.

Sus principales actividades económicas de algunos de los socios a lo que se dedican son a las ventas de comida de forma ambulatoria en la plaza de armas de lares que se llama “Asociación de Vianderas de comunidad de Lares”, crianza y venta de animales menores, venta de comestibles, venta de chicha y frutillada y otros socios brindan servicios en la municipalidad de distrital de Lares. Su actividad económica complementaria es la ganadería y la agricultura, ellos venden sus productos en la feria de “Machacancha” los lunes hasta las 2 de la tarde y después se trasladan a vender a la feria de “Cachin” los días martes.

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.

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
  • 102
    View loans »
    Peru Loans Fundraising
  • $55,238,100
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Llankasunchis De Lares Group's $4,200 loan helped a member paulina requires the loan to purchase supplies such as sugar, rice, potatoes, vegetables, meat, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010