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The Renacer de Ayamaca Communal Bank is comprised of ten women and four men. They are responsible, happy and charismatic. They live in the Ayarmaca community in the Chinchero district. Ayarmaca is a rural area, like many in Peru, where there is extreme poverty and the lack of opportunities. These are the main problems that the population deals with in order to get ahead.

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.
View original language description ↓
El banco comunal de “Renacer de Ayarmaca” está conformado por 10 mujeres y 4 varones responsables, alegres y carismáticos, ellos viven en la comunidad de Ayarmaca del distrito de Chinchero. Ayarmaca es una zona rural como muchas del Perú donde la pobreza extrema y la falta de oportunidades son los principales problemas que atraviesa la población para salir adelante. Aquí los meses junio, julio y agosto son duros, las noches y las madrugadas el clima es helado. Chinchero se encuentra a 30 Km. al norte de la ciudad del Cusco y está conformado por la zona urbana, 14 comunidades indígenas y dos asociaciones de productores. La población del distrito que según distintas fuentes supera los 10 mil habitantes aún conserva el trueque como forma tradicional de comercio. La principal actividad económica en Chinchero es la agricultura. Poco más de la mitad de los agricultores se dedica al cultivo de papa principalmente. Además, se cultivan en la zona cereales, tubérculos menores, leguminosos, entre otros. Por el lado de la ganadería, destaca la producción de ovejas y el ganado vacuno, y también de llamas traídas de las punas. Entre sus actividades económicas sobresale el comercio minorista y también brindar servicios como por ejemplos: venta de animales menores, venta de comida, venta de leña, venta de arboles, elaboración de artesanía y servicios de construcción.

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.

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
  • 120
    View loans »
    Peru Loans Fundraising
  • $60,164,250
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Renecer De Ayarmaca Group's $4,525 loan helped a member buy more small animals like guinea pigs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 25, 2010
Jun 3, 2010
Currency Exchange Loss:
Dec 15, 2010