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Ollantay 2 Group
In this Group: Juana Nelly, Mileni Yulderikc, Margarita, Ofelia, Gregoria, Maria, Sofia, Everth, Sayda Silvia, Oshiel, Vidal
Sra. Nelly is 48 years old and was born in the city of Ollantaytambo (in the Department of Cusco), but now she lives in the city of Cusco in the Department of Cusco. She relocated to the city of Cusco several years ago and this is where she performs all of her business activities.


Nelly is a hardworking, enterprising, and responsible mother who takes care of her two children. She is able to support them by making crafts, which consists of handmaD. dolls in small, medium, and large sizes. Nelly does not have a vending post, but she distributes her goods in bulk and in smaller amounts to retailers. She has been in this business for 25 years and has done very well as a result of the effort she puts into her work. Nelly is taking this opportunity to request a loan for buying materials such as fabric, buttons, thread, and other items. Her dream is to open a shop where she can sell her products.


(In the photograph, Nelly is the woman who is raising her hand.)


The members of the Communal Bank “Ollantay II” conduct their meetings every thirty days in the city of Cusco. This group consists of hardworking and enterprising individuals who take every moment to look for opportunities to get ahead. Through their daily efforts, they are able to proviD. a better future for their children. The members engage in different business activities such as selling food products, selling meals, selling peeled potatoes, selling cosmetics, and providing transportation services using taxis and motorcycle taxis.


Cusco is known for being a tourist and commercial area. It is also known for the traditional festival of Inti Raymi and for being the home of one of the Seven Wonders of the World, Machu Picchu.

View original language description ↓
(En la fotografía la socia Nelly está levantando la mano).

La señora Nelly, tiene 48 años D. edad, nació en la ciudad D. Ollantaytambo (Cusco) y ahora vive en la ciudad del Cusco del departamento del Cusco, ella radica hace varios años en la ciudad del Cusco y donD. realiza sus actividades económicas.

Nelly es una madre trabajadora, emprendedora y responsable que atienD. a sus dos hijos, ella para dar D. comer a sus hijos se dedica a la elaboración D. artesanía que consiste en armar muñecas pequeñas, medianas y grandes, ella no tiene un puesto D. venta pero distribuye al por mayor y menor a revendedoras. Ya son 25 años que se dedica a este negocio y le va muy bien gracias al empeño que pone en su trabajo. En esta oportunidad Nelly requiere el préstamo para comprar materiales como por ejemplo telas, botones, hilos y muchas cosas más. Su sueño D. la socia es abrir una tienda donD. pueD. vender sus productos.

Las reuniones D. las socias del Banco Comunal “Ollantay II” son cada treinta días en la ciudad del Cusco. El banco comunal 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. Los demás socios se dedican a diferentes actividades económicas como por ejemplo venta D. comestibles, venta D. comida, venta D. papa pelada, venta D. cosméticos y otros brindan servicios D. trasporte D. taxi y mototaxi.

Cusco es conocido por ser una zona muy turística, comercial, por su fiesta tradicional del Inti Raymi y porque se encuentra una D. las siete maravillas del mundo “Machupicchu”.

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
  • 64
    View loans »
    Peru Loans Fundraising
  • $53,963,825
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Ollantay 2 Group's $4,025 loan helped a member to buy fabric, buttons, thread, and other materials for making dolls.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2011
Listed
Aug 24, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012