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Sr. De Torrechayoc - Mototaxistas Group
In this Group: Vilma, Hermitanio, Cirilo, Victor, Tulio*, Roberto, Bacilio, Juana, Lino, Justina, Samuel, Rosario*
* not pictured
The “Sr. de Torrechayoc - Mototaxistas” community bank has been through five loan cycles (each loan cycle lasts 6 months). They have been together as a group for two and a half years. The bank is made up of people who provide motorcycle taxi services in the city of Urubamba. The bank's meetings take place every thirty days in Asociación Arariwa's office, in the city of Urubamba. Most of the group's members live in the city of Urubamba, in Cusco department, Peru. The 'Valle Sagrado' (Sacred Valley) has become one of the most important tourist centers in the country. In addition to boasting an unrivaled historical heritage, the Urubamba region offers tourists infinite possibilities for entertainment: hiking, visiting the spas, taking raft or kayak journeys on the river, paragliding or hang gliding, horseback riding, mountaineering, etc.

The members of this group are people who feel very proud to live in the city of Urubamba. They take advantage of opportunities to get ahead in life and, through their daily efforts, they strive to provide their children with a better future. The members' business activities include: selling vegetables, running a 'chicharroneria' (a restaurant serving 'chicharrón' - pork crackling), selling clothes, selling meals and providing services as laborers or motorcycle taxi drivers.

Vilma is 24 years old and was born in the city of Quillabamba, in Convección province. She lives with her partner and her two children in the city of Urubamba. Her main business activity is selling ice cream, popcorn and candies as an itinerant street vendor. She has been in this business for two years. Vilma is a very hard-working and enterprising woman who also works fattening animals such as bulls and cows which she later sells for a better price. On this occasion, Vilma requires a loan to increase her business capital like the other members of her community bank. She would like to buy livestock.

(The members who are missing from the photo are not there because they requested permission to be absent from the meeting).
View original language description ↓
El banco comunal “Sr. de Torrechayoc - Mototaxistas” tiene 5 ciclos de funcionamiento (cada ciclo son 6 meses) entonces tiene 2 años y medio juntos como grupo, el banco comunal está conformado por personas que se dedican exclusivamente a brindar servicios de mototaxi en la ciudad de Urubamba. Las reuniones del banco comunal son cada treinta días en la oficina de la Asociación Arariwa de la ciudad del Urubamba. La mayoría de los socios viven en la ciudad de Urubamba del departamento del Cusco, Perú. El Valle Sagrado se ha convertido en uno de los centros turísticos más importantes del país. Además de contar con una riqueza histórica inigualable, la región del Urubamba ofrece infinitas posibilidades de distracción al turista: caminatas, baños termales, viajes en balsas o kayacs por el rio, vuelos en parapente o ala delta, cabalgatas, montañismo, etc.

Los socios son personas que se sientes muy orgullosos de vivir en la ciudad de Urubamba 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 verduras, chicharroneria, ropa, comida y otros se dedican a brindar servicios como de obreros y mototaxitas

La socia Vilma nació en la ciudad de Quillabamba provincia de la Convección y tiene 24 años de edad. Actualmente, Vilma vive junto con su pareja y sus dos hijos en la ciudad de Urubamba. Su actividad económica principal de Vilma es la venta de helados, porcorn, caramelos de forma ambulatoria y viene trabajando en este negocio desde hace dos años atrás, ella es mujer muy trabajadora y emprendedora que también se dedica a engordar animales como toros, vacas para después venderlo a mejor precio. En esta oportunidad Vilma requiere el préstamo e igual que sus compañeras del banco comunal para incrementar capital del negocio pero ella desea comprar ganado.

(Los socios que faltan en la foto no están porque pidieron permiso para no estar presente en la reunión).

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
  • 98
    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 Sr. De Torrechayoc - Mototaxistas Group's $4,275 loan helped a member to buy livestock.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2011
Listed
Apr 2, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011