Señor De Puquin Group
The communal bank is composed of humble, cooperative people. The bank meetings take place every thirty days at Cusco’s Asociación Arariwa’s central offices. Most of the members live in different districts of the city of Cusco. Cusco is one of our country’s most visited cities. Cusco has infinity of tourist attractions nearby that have enchanted the entire world. One of the main ones is Sacsayhuamán that has 300 meter long walls made from stones that can be up to 5 meters tall and weigh 350 tons.
The members are people who are proud to live in Cusco and they take advantage of the opportunities to get ahead and to provide a better future for their children through their own efforts. The economic activities which some of the members are involved in are: jora (corn based typical beverage) sales, food sales, crafts sales, clothing and food sales; some are service providers.
Georgina was born in Cusco; she’s 40 years old. She lives with her spouse and two children in Cusco. Her main economic activity is crafts sales. She weaves such items as sweaters, blankets and other things. Sometimes if her orders are very big she buys blankets. On this occasion, Georgina needs the loan, as do her fellow members, to increase business capital; she wants to buy wool and crafts.
(The missing members of the photo requested permission to be absent from the meeting.)
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 chicha de jora, comestibles, artesanía, ropa, comida y otros se dedican a brindar servicios.
La socia Georgina nació en la ciudad del Cusco y tiene 40 años de edad. Actualmente, Georgina vive junto con su pareja y sus dos hijos en la ciudad del Cusco. Su actividad económica principal de Georgina es la venta de artesanía, ella elaborara tejidos como por ejemplo chompas, mantas y otras cosas más, ella de veces en cuando compra mantas cuando los pedidos de la artesanía son en gran cantidad. En esta oportunidad Georgina requiere el préstamo e igual que sus compañeras del banco comunal para incrementar capital del negocio pero ella desea comprar materiales como lana y artesanía.
Los socios que faltan en la foto no están porque pidieron permiso para no estar presente en la reunión).
Important InformationAbout 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.
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Success!! The loan was 100% repaid