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Cristo Asencion De Rumichaca Group
In this Group: Ermitania, Benedicto, Gregoria, Paulina, Emperatriz, Jose Donato, Jacinto, Rafaela, Dorotea, Roberto, Jose
The “Cristo Asencion de Rumichaca” community bank is currently in its 8th loan cycle and is made up of 11 hardworking entrepreneurs who are always looking for opportunities to grow. Through their daily work, they are building a better future for their children. The bank's meetings take place monthly in the community of Rumichaca. The community is an hour and 20 minutes from Cusco city, traveling along the same route as if you were visiting the Ollantaytambo ruins from Urubamba city. At each meeting, 3 members prepare food for the whole group.

The members sell chicha, clothing, eucalyptus trees, handcrafts, groceries, and vegetables. Other members raise small livestock (guinea pigs), or provide services such as bricklaying, carpentry, public transportation, and hospitality.

Ermitaña is 45 years old, married, and has 2 children. She was born in the community of Rumichaca and now lives in Pintacha, Urubamba. She tells us: "In my bank, Cristo Asencion de Rumichaca, there are 11 members. They have chosen me to represent the group and talk about my work."

Ermitaña sells chicha de jora (fermented beverage made from yellow maize). She has runs a picantería (restaurant serving shared plates, like a Peruvian tapas restaurant) in her home. She begins to work very early each day, preparing chicha and selling it from 10 a.m. to 9 p.m. Ermitaña sells Monday through Friday and her customers love the chicha she makes. She has been running this business for many years and it is going well. Ermitaña needs a loan for maize and beer to make the chicha.
View original language description ↓
El banco comunal “Cristo Asencion de Rumichaca” actualmente se encuentra en el VIII ciclo y está conformado por 11 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. Las reuniones del banco comunal son cada treinta días en la comunidad de Rumichaca. La comunidad se encuentra a una hora y veinte minutos de la Cuidad del Cusco como quien se dirige a visitar las ruinas de Ollantaytambo de la ciudad de Urubamba. En cada reunión tres socias coordinan para preparar una comida para todos los integrantes del banco comunal.

Las actividades económicas de los algunos de los socios a las que se dedican son por ejemplo, venta de chicha, venta de ropa, venta de arboles de eucalipto, venta de artesanía, venta de comestibles, crianza de animales menores como por ejemplo cuyes y venta de hortalizas. Otros socios brindan servicios de albañilería, carpintería, transporte urbano y empleado de un hotel.

Ermitaña, tiene 45 años, es casada, tiene dos hijos, nació en la comunidad de Rumichaca y vive en Pintacha en Urubamba.

Ermitaña nos cuenta. - En mi banco comunal “Cristo Asencion de Rumichaca” somos 11 integrantes y me eligieron a mí como representante del banco comunal para dar mi testimonio de mi actividad económica.

Su actividad económica principal de la señora Ermitaña en la venta de chicha de jora, ella tiene una picantería que está ubicado en su domicilio. Ella empieza a trabajar desde muy temprano preparando la chicha y después empieza a vender a las 10 mañana hasta las 9 de la noche. Ella vende de lunes a viernes y a sus clientes le gusta lo que prepara la chicha. Ya son varios años que se dedica al negocio y le va muy bien. Ermitaña requiere el préstamo para maíz para elaborar jora y también requiere para comprar cerveza.

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
  • 66
    View loans »
    Peru Loans Fundraising
  • $54,600,625
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Cristo Asencion De Rumichaca Group's $3,650 loan helped a member purchase maize and beer to make chicha de jora.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2010
Listed
Jul 4, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011