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Killa Group
In this Group: Lily Maria, Olga, Elizabeth, Maribel, Bertha Elena, Jhoanna Del Carmen, Evaristo, Mirtha*, David
* not pictured
The “Killa” community bank has been around for three years. It is made up of hard-working and entrepreneurial people who are always looking for opportunities to get ahead in life and, through their daily efforts, they work to provide their children with a better future. The bank meets every month in the city of Cusco. Most of the bank's members live in the city of Cusco (Peru).

During this meeting we meet Lily who lives in the beautiful city of Cusco and has three children. She is a housewife and a mother who is noted as being a responsible, kind and hard-working person. Because of these qualities, her friends invited her to become a member of their community bank. Lily was born in the city of Langui, in Canas province, in Cusco department. She is a teacher but, in her spare time, she makes sweaters from alpaca wool. She has a small workshop in her home with the basic tools she needs. She has been in this business for 20 years now and her business is doing very well. On this occasion, she needs a loan to buy more materials such as yarn and thread.

Lily is 50 years old. She is a person who has a great desire to improve herself and have a successful business as she would like to provide her family with the best.
View original language description ↓
El banco comunal “Killa” tiene 3 años de funcionamiento y está conformado por personas que son trabajadores y emprendedores 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 ciudad del Cusco. La mayoría de los socios viven en la ciudad del Cusco (Perú).

En esta reunión conocimos a la señora Lily que vive en la hermosa ciudad del Cusco y tiene tres hijos. Es ama de casa y es una madre se caracteriza por ser una persona responsable, amable y trabajadora y por tener estas cualidades sus amigas le invitaron a participar en el banco comunal. Lily nació en la ciudad de Langui de la provincia de Canas del departamento del Cusco. Lily es profesora pero en sus horas libres se dedica a la fabricación de chompas de lana de alpaca, ella tiene un pequeño taller implementado en su domicilio con las herramientas básicas. Ya son 20 años que se dedica al negocio y le va muy bien. Ella en esta oportunidad requiere el préstamo para comprar más materiales como por ejemplo lana y hilos. Ella tiene 50 años de edad, es una persona con muchas ganas de superarse y tener un negocio exitoso día con día, siempre con el deseo de brindarle lo mejor a su familia.

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
  • 66
    View loans »
    Peru Loans Fundraising
  • $54,533,225
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Killa Group's $3,200 loan helped a member to buy more materials such as yarn and thread.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2011
Listed
Jun 10, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011