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Qolquewasi Group
In this Group: Agustina, Elena, Gladys Vilma, Florentina, David, Lucila, Nicolas*, Carlos, Yazmin
* not pictured
This group is called “Qolquewasi” and made up of responsible and hardworking individuals. They meet every 30 days at the microfinance offices of Asociación Araiwa in Cusco, Peru.

At this meeting, the Arariwa staff spoke with Sra. Agustina. She says that she was born in the city of Quillabamba and now resides in the city of Cusco. Agustina is 51 years old, in a relationship, and has five children. She is a homemaker and manages a grocery store after she completes her household chores. Agustina has been in business for eight years and has done very well as a result of the effort she puts into her work. She is taking this opportunity to request a loan so that she can buy merchandise such as rice, sugar, and beer.

With the previous loan she received, Agustina was able to keep her store in operation. Despite spending more time with her children, Agustina has a goal of expanding her business so that she can generate more income to provide her family a better quality of life. With the loan she is receiving, she will be able to buy merchandise.

*In the photograph, Sra. Agustina is the woman with her hand raised.

View original language description ↓
Este grupo se denomina “Qolquewasi” y está conformado por personas responsables y trabajadores que se reúnen cada treinta días en las oficinas de la Unidad de Microfinazas de la Asociación Arariwa Cusco, Perú.

En esta reunión conocimos a la Sra. Agustina que nos cuenta que nació en la ciudad de Quillabamba y ahora radica en la ciudad del Cusco, ella tiene 51 años y tiene una relación y fruto de esta unión tiene cinco hijos. Agusntina es ama de casa que después de hacer sus actividades del hogar tiene que atender la tienda de abarrotes. Ya son 8 años que se dedica a este negocio y le va muy bien gracias al empeño que pone en su trabajo. Ella en esta oportunidad requiere el préstamo para comprar mercadería como por ejemplo arroz, azúcar y cerveza.

Con el préstamo recibido anteriormente ha podido implementar su bodega y además pasar más tiempo con sus hijos, la meta de Agustina es ampliar su negocio y tener mayores ingresos para darle una mejor calidad de vida a su familia, con el préstamo recibido se realizara la compra de mercadería.

* La Sra. Agustina es la persona que está levantando la mano en la fotografía.

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
  • 122
    View loans »
    Peru Loans Fundraising
  • $57,923,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Qolquewasi Group's $2,700 loan helped a member to purchase rice, sugar, beer, and other products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jun 8, 2011
Jun 18, 2011
Currency Exchange Loss:
Nov 15, 2011