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Bernardo
The Mateo Pumacahua Communal Bank meet in the city of Chinchero in the Cusco department. This city is more known for the Inca ruins that it has, telling the story that in times passed when there was still no city where there are now streets, there used to be the house of the Inca “Túpac Inca Yupanqui”. This population is also very interesting not only for the ruins and the temple, but for the costumes and customs; in addition to its colorful and crowded Sunday fair.

On visiting this bank we talk with the member Bernardo. He is single and lives in Chinchero, where he makes knitwear like blankets, belts and chullos (Peruvian hat) and sells these to the tourists that visit the city. He is investing 1000 dollars in materials such as sheep and alpaca wool and natural dyes like conchineal, cucamarca, etc. He has done this for 8 years and it is going well. Being a member of the Foundation has really helped him to better himself and make his business grow. With this new loan he will stock his business and is going to buy more materials. The member's wish is to travel abroad and then he wants to sell his products there.
View original language description ↓
El Banco Comunal Mateo Pumacahua se reúne en la ciudad de Chicheros del departamento del Cusco, esta ciudad es más conocida por las ruinas Incas que tiene, cuenta la historia que en tiempos pasados cuando aun no era ciudad en lo que ahora son sus calles había la casa del Inca “Túpac Inca Yupanqui”. Es también muy interesante esta población no sólo por ruinas y el templo, sin por los trajes y costumbres; además de su colorida y concurrida feria dominical.

Al visitar este banco conversamos con el socio Bernando, es soltero y vive en Chinchero, él se dedica a la elaboración de tejidos como mantas, fajas y chullos y vende a los turistas que visitan la ciudad, invierte 1000 dólares en los materiales como por ejemplo lana de oveja y lana de alpaca y tintes naturales como la cochinilla, cucamarca, etc. Ya son 8 años que lleva este oficio y le va muy bien, el ser socio de la Fundación le ha ayudado mucho a superarse y hacer que su negocio crezca, con este nuevo crédito surtirá su negocio y va comprar más materiales. El anhelo del socio es viajar al extranjero pues ahí desea vender sus productos.

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).

About Peru

  • $12,000
    Average annual income
  • 96
    View loans »
    Peru Loans Fundraising
  • $57,954,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Bernardo to buy more materials such as sheep and alpaca wool and natural dyes like cochineal, cucamarca, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2010
Listed
Jun 10, 2010
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2010