Renecer De Ayarmaca Group
The months of June, July, and August are hard here. It is freezing cold at night and at dawn. Chinchero is 30 kilometers to the north of the city of Cusco. It is comprised of the urban zone, 14 indigenous communities, and two producer associations. According to different sources, the district population is over ten thousand inhabitants. They still barter as a traditional way of doing business.
The primary economic activity in Chinchero is agriculture. A little over half of the farmers mainly grow potatoes. They also grow grains, small tubers, vegetables, and other things. In regards to the livestock; sheep, cattle, and llamas brought in from the mountains are notable.
The economic activities that stand out are retail businesses and providing services. For example they sell small animals, sell food, sell firewood, sell trees, make handicrafts, and provide construction services.
Braulia, age 46, lives in the Ayarmaca community. She is married and has four children. Her husband, Rafael, works as a bricklayer. Her main activity is raising small animal like guinea pigs, hens, and chickens, etc. Her supplemental activity is farming and livestock. Braulia needs the loan to buy more small animals like guinea pigs.
La señora Braulia, tiene 46 años, vive en la comunidad de Ayarmaca, es casada, tiene 4 hijos y su esposo Rafael trabaja como albañil. Su actividad económica principal de la socia es la crianza de animales menores como por ejemplo cuyes, gallinas, pollos, etc. Su actividad complementaria es la agricultura y ganadería. Braulia requiere el préstamo para comprar más animales menores como por ejemplo cuyes.
Important InformationAbout 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.
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