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Real Atahuallpa Group
In this Group: Monica, Esteban, Claudia, Santos, Viviana, Navieth, Patricio*, Jose Carmen, Polonio, Alejandro*, Justino, Sabina
* not pictured
The communal bank "Real Atahuallpa" is now in its 12th loan cycle. It is made up of hardworking and enterprising people who are always on the lookout for opportunities to get ahead, and who make a daily effort to provide a better future for their children. The group meets every 30 days in the central offices of the Institución de Micro finanzas Arariwa, which is located in the Wanchaq district of Cusco province. The majority of the members work in retail trade.

Monica, 33, was born in the city of Cusco. She now lives in the city where she was born with her husband and their 2 children. Before, Monica used to work as a street vendor selling ceviche on the corner of Dolorospata street in the Santiago district, but as there is a lot of pollution in the area she closed that business.

Determined to start a new life, Monica used her savings to open a small grocery store where she sells rice, sugar and many other items. There you can find her every day of the week, from 6 in the morning until 8 at night.

With her next loan, Monica hopes to receive 300 Peruvian soles. Right now, her store is modestly supplied with the basic necessities. Monica would like to use the money from the loan to buy calling cards. She would like to open a store that is bigger, or have a seafood restaurant. Monica is one of the founding members of the communal bank, and she is a person who is responsible and punctual.
View original language description ↓
El banco comunal “Real Atahuallpa” actualmente se encuentra en el XII 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 oficina central de la Institución de Micro finanzas Arariwa que está ubicado en el distrito de Wanchaq provincia del Cusco. La mayoría de los socios se dedican al comercio.

Mónica nació en la ciudad de Cusco y tiene 33 años, Actualmente, Mónica vive en la misma ciudad donde nació junto con su esposo sus dos hijos. Antes, Mónica vendía ceviche de forma ambulatoria en la esquina de la calle Dolorospata del distrito de Santiago pero como hay mucha contaminación por la zona cerró el negocio.

Decidido a empezar una nueva vida, Mónica utilizo sus ahorros para abrir una pequeña tienda de abarrotes, donde vende arroz, azúcar y muchas cosas más. Le pueden encontrar todos 7 días de la semana, desde las 6 de la mañana hasta las 8 de la noche.

Con su próximo préstamo, Mónica que espera recibir S/. 300 nuevos soles. Por el momento, su tienda esta modestamente equipado con las necesidades básicas. Le gustaría emplear el dinero del préstamo para comprar tarjetas de llamadas. El anhelo del socio es abrir una tienda más grande o tener una cebichería. Mónica es una de los socias fundadores del banco comunal y es una persona puntual y responsable.

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
  • 97
    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 Real Atahuallpa Group's $2,375 loan helped a member to buy calling cards.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2010
Listed
Sep 1, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011