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Real Group
In this Group: Carla Veronica, Mercedes Frine, Angela, Ramiro, Carlos David, Kety Yovana, Juana*, Tula, Deyssi Barinea, Herbert, Vilma, Julio Rildo*, Marisol, Paulina
* not pictured
The Real communal bank has been active for 12 loan cycles (each lasting 4 months), thus the group has been together for 4 years. The group is comprised of friendly, personable people. The Real communal bank holds meetings every thirty days in the central office of the Arariwa Association, in the city of Cusco. The majority of the members live in different districts of Cusco, which is one of the most visited cities in the country.

Cusco features endless nearby tourist attractions that the entire world has grown to love. One of the major attractions is Sacsayhuamán, which is made of rock walls that are 300 meters long, almost 5 meters high and weigh 350 tons. The Real communal bank members feel very proud to live in the city of Cusco and they take advantage of opportunities to make a living and with daily effort, to give a better future to their children.

An example of the type of work some of the members do is; cosmetic sales, fuel sales, traditional craft sales, clothing, shoes, cell phone accessories among other services.

One member, Tula, was born in Cusco and is 40 years old. Currently, she lives with her husband and three children in Cusco. Primarily, Tula works selling cell phone accessories, such as chargers, among other items. She works on Saturdays in the “Baratillo” market in Cusco.

At this time, Tula is requesting the loan, like her fellow group members, to increase her business capital. Specifically, Tula plans buy headphones, chargers etc. The members who do not appear in the photo were granted permission to be absent from the meeting. The two members who appear in the small photo asked for permission to be absent from the group meeting and that is why the picture was taken of them at a different moment.
View original language description ↓
El banco comunal “Real” tiene 12 ciclos de funcionamiento (cada ciclo son 4 meses) entonces tiene 4 años juntos como grupo, el banco comunal está conformado por personas amigables y carismáticas. Las reuniones del banco comunal son cada treinta días en la oficina central de la Asociación Arariwa de la ciudad del Cusco. La mayoría de los socios viven en los diferentes distritos de la ciudad del Cusco. Cusco es una de las ciudades más visitadas de nuestro país. El Cusco cuenta con una infinidad de atractivos turísticos cercanos que han encantado al mundo entero. Uno de los principales es Sacsayhuamán, que posee murallas de 300 metros de longitud hechas con rocas de hasta 5 metros de altura y 350 toneladas de peso.

Los socios son personas que se sientes muy orgullosos de vivir en la ciudad del Cusco y aprovechan las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos. Las actividades económicas de algunos de los socios a las que se dedican son por ejemplo; venta de cosméticos, comestibles, artesanía, ropa, zapatos, accesorios para celulares y otros se dedican a brindar servicios.

La socia Tula nació en la ciudad del Cusco y tiene 40 años de edad. Actualmente, Tula vive junto con su esposo y sus tres hijos en la ciudad del Cusco. Su actividad económica principal de Tula es la venta de accesorios de celulares, cargadores, y otras cosas más, ella vende los días sábados en la feria sabatina del “Baratillo” de la ciudad del Cusco. En esta oportunidad Tula requiere el préstamo e igual que sus compañeras del banco comunal para incrementar capital del negocio pero ella desea comprar accesorios de celulares como por ejemplo audifonos, cargadores, etc. (Los socios que faltan en la foto no están porque pidieron permiso para no estar presente en la reunión).

Las dos socias que aparecen junto al grupo pidieron permiso para no estar en la reunion es por este motivo que se les saco la foto en otro momento.

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
  • 78
    View loans »
    Peru Loans Fundraising
  • $55,191,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Real Group's $3,650 loan helped a member to buy cell phone accessories such as headphones, chargers, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2011
Listed
Apr 21, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2011