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In this Group: Doris, Marlene, Virgilio, Avelina, Sabino*, Lucila, Benedicta, Carlota, Cirilo, Nancy, Antonia, Gregoria, David*, Paulino
* not pictured
The “Mujeres en Acción” (Women in Action) Communal Bank is currently in its 16th cycle. It is comprised of hard-working and enterprising people who always look for opportunities to get ahead. With their daily effort they are looking to give their children a better future. The communal bank’s meetings are every 30 days. They meet in Benedicta’s house. She is a member, and her house is located in the Compone community in Anta. The Componte community is 45 minutes from the city of Cusco. Most of the inhabitants work in agriculture and with livestock.

Benedicta is 35 years old, and she has two children. She was born in and lives in the Compone community in the Izcuchca district, Anta province. Two years ago Benedicta opened a grocery store in her home, and she sold food to her neighbors. She also sold corn, potatoes, “chicha de jora” (a traditional beverage of the area that is made of corn), yogurt, and cheese. She took her products to the city of Cusco to sell.

Now Benedicta has changed businesses. She raises small animals like guinea pigs. She used the small amount of capital that she had to prepare to raise animals and to build a small shed. She started raising seven guinea pigs. She currently has 15 guinea pigs. The specialists in the Anta municipality are training her.

The next loan that Benedicta hopes to receive is for 1,000 soles. At the present time the shed is modestly set up with the basic necessities. She would like to use the money to plant grass on her farm, which is at the side of her house. Grass is good food for the guinea pigs. Benedicta’s dream is to become an entrepreneur in the business of raising and selling small animals.

Benedicta is a founding member of the communal bank. They chose her to be the president because she is a punctual and responsible person. She has had this position three times. It is going very well thanks to the charisma and good will that she has.
View original language description ↓
El banco comunal “Mujeres en Acción” actualmente se encuentra en el XVI ciclo 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. Las reuniones del banco comunal son cada treinta días en la casa de la socia Benedicta que está ubicado en la comunidad de Compone, Anta. La comunidad de Componte se encuentra a 45 minutos de la ciudad del Cusco. La mayoría de los pobladores se dedica a la agricultura y la ganadería.

Benedicta, tiene 35 años y tiene dos hijos, ella nació y vive en la comunidad de Compone del distrito de Izcuchaca provincia de Anta. Hace dos años atrás, Benedicta abrió una tienda de abarrotes, en su domicilio, donde vendía comestibles a sus vecinos. También vendía maíz, papa, chicha de jora, yogurt y queso y lL. sus productos a vender a la ciudad del Cusco.

Ahora, Benedicta cambio de negocio y se dedica a la crianza de animales menores como por ejemplo cuyes. Utilizo el pequeño capital que tenía para capacitarse en la crianza de animales, para construir un pequeño galpón y empezó a criar 7 cuyes. En la actualidad tiene 15 cuyes y le estan capacitando los especialistas de la municipalidad de Anta.

Con su próximo préstamo, Benedicta espera recibir S/. 1000 soles. Por el momento, su galpón esta modestamente de implementado con las necesidades básicas. Le gustaría emplear el dinero para sembrar pasto en su chacra que esta a lado de su domicilio: El pasto es un buen alimento para los cuyes. El sueño de la socia es convertirse en una empresaria en el comercio de venta y crianza de animales de menores.

Benedicta es una de las socias fundadoras del banco comunal y la escogieron como la presidenta porque es una persona puntual y responsable. Ya son tres veces que está en el cargo y le va muy bien gracias al carisma y buena voluntad que tiene.

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
  • 104
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujeres En Accion Group's $4,625 loan helped a member to plant grass on her farm.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2011