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Yayanmarca Group
In this Group: Paulina , Otorino , Sonia , Ubaldina, Maria Esperanza , Alejandrina , Juana , Silveriana , Tomasa , Remigia, Nayda
Ubaldina, 35, is a member of the ‘YAYANMARCA” communal bank which is located in the community of Yayanmarca, Cusipata district, Quispicanchis province, Cusco department.

She has a life partner and six children. Throughout her life she has had to work at whatever was possible that would produce income in exchange. Not having finished secondary school and believing, like in the old days, that the more children one had the greater ability to cultivate the fields and earn more money to eat and have health, those priorities led her not to plan her family. With no other alternative now, she must split herself up to work from sun to sun.

She works selling dry goods (maize, dehydrated potato, L. beans, grains, Quinoa, broad beans, pallares beans). She also sells small farm animals (guinea pigs and barnyard fowl). She sells in the Combapata market. In addition, when suppliers bring coca leaves from the Peruvian jungle in small amounts she takes them to her stand in the market to sell too. Coca leaf is considered to be a sacred plant and Incas grew it in antiquity. It’s currently part of our cultures and it’s known only for its properties, not as a drug. In Andean society this leaf is too sacred to desecrate using it for evil like some humans do against other humans. With what her sales of products and small animals produce she educates and feeds her minor children.

She is asking for a loan to buy small farm animals and a few dry goods that she does not grow herself.

The other group members alternate their activities with retail sales. They grind grains. Most of them have small or large mills that they least out in town to grind various products which the people can then go sell at wholesale in cities throughout most of Perú.

She is grateful for and values the loan granted by this means and at the same time pledges to repay in a timely fashion.
View original language description ↓
La socia pertenece al banco comunal “YAYANMARCA”; El banco comunal está ubicado en la comunidad de Yayanmarca, distrito de Cusipata, provincia de Quispicanchis y departamento de Cusco.

La socia es la Sra. Ubaldina ; La socia es conviviente y tiene 6 hijos , la socia tiene 35 años de edad; la socia a los largo de su vida a tenido que trabajar en todo lo que sea posible y pudiera darle una remuneración a cambio, ella sin estudios secundarios terminados y creyendo como era en la antigüedad a mayor número de hijos mayor posibilidad de labrar las tierras de cultivo y obtener mayor dinero para comer y tener salud esas prioridades la llevaron a no tener una planificación familiar y sin más que hacer ella debe dividirse y trabajar de sol a sol, la socia trabaja vendiendo productos secos (maíz, papa seca, habas, granos, quinua, frejoles, pallares ) y alterna con la venta de animales menores (cuyes, y aves de corral); ella vende en el mercado de Combapata, la socia también cuando le traen los proveedores de la selva peruana hojas de coca en poca cantidad, las lleva a vender en su mismo stand en el mercado, la hoja de coca es considerada una planta sagrada y en la antigüedad los inkas la cultivaban, actualmente es parte de nuestra cultura y solo se le reconoce los propiedades y no más así como una droga, en la sociedad andina está hoja es tan sagrada como para poder perjudicarla con el mal empleo que le dan algunos humanos en contra de otros humanos. La socia con lo que le genera la venta de sus productos y animales menores educa y alimenta a sus menores hijos. La socia solicita el préstamo para poder comprar animales menores y algunos productos secos que no cultiva ella.
Los otros socios alternan sus actividades con el comercio minorista, ellos se dedican a moler granos, los socios tiene en su mayoría pequeñas y grandes máquinas de molinos los cuales las alquilan al pueblo para moler los diferentes productos y estos poder vender al por mayor a las ciudades de casi todo el Perú.

La socia agradece y valora el préstamo otorgado mediante este medio y del mismo modo se compromete en cumplir con el pago de sus cuotas en el plazo establecido.

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
  • 126
    View loans »
    Peru Loans Fundraising
  • $56,132,500
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Yayanmarca Group's $2,600 loan helped a member to buy small farm animals and a few dry grains that she doesn't grow.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2010
Listed
Dec 4, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011