The Munay Tika Communal Bank is made up of responsible and hardworking people who are moving their families forward. A majority of the members live in Urubamba Province in Cusco Department where they conduct their economic activities.
Cusco Department is known as a highly commercial tourist zone and for its traditional Inti Raymi celebration and because Machu Picchu, one of the seven wonders of the world, is found here,
El banco comunal “Munay Tika” está conformado por personas responsables y trabajadores que sacan adelante a su familia. La mayoría de los socios viven en la provincia de Urubamba del departamento del Cusco y donde realizan sus actividades económicas.
El departamento del Cusco es conocido por ser una zona muy turística, comercial, por su fiesta tradicional del Inti Raymi y porque se encuentra una de las siete maravillas del mundo “Machupicchu”.
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).
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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