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Kallpa Group
In this Group: Gilda, Mendel Enmel, Lidia, Giovanni Angel, David, Maximiliana, Elizabeth Julia*, Teresa Rosario
* not pictured
The “Kallpa” Communal Bank is a new bank belonging to the Asociación Arariwa. It has 8 members; 5 women and 3 men. They will be meeting every thirty days, and every member must be present at the scheduled meetings. The majority of the members are neighbours and good friends.
The members are enterprising, hard workers who are always looking for opportunities to get ahead and offer their children better futures through their hard work. Some examples of the group members' businesses include: selling candles with flowers on them; selling herbs; selling clothing; and selling appliances. Other members provide transportation services.
(In the photo, Gilda is the one raising her hand)
Gilda is 42 and lives with her partner and their only child in the city of Cusco. Cusco is known for being a tourist attraction, for trade, for its traditional Inti Raymi festival, and because it is the home of one of the seven wonders of the world: Machu Picchu.
Gilda is a professional and works for a private company in Cusco. She also rents cars. Gilda now needs a loan for vehicle maintenance. Her dream is to buy a home. She has rented cars for several years now and it is going very well for her.
(The member whose photo is inserted requested permission to be absent on the day of the meeting).
View original language description ↓
El banco comunal “Kallpa” es un banco comunal nuevo que pertenece a la Asociación Arariwa y está conformado por 5 mujeres y 3 varones. Sus reuniones del banco comunal van a ser cada treinta días y todas las socias tienen que estar presentes en las reuniones programadas. La mayoría de los socios son vecinos y tienen una buena amistad.

Los socios 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 actividades económicas de algunos de los socios a las que se dedican son por ejemplo; venta de velas flores, venta de hierbas, venta de ropa, venta de artefactos. Otros socios se dedican a brindar servicios de transportes.

En la fotografía la socia Gilda está levantando la mano).

La socia Gilda tiene 42 años y vive junto con su pareja y su único hijo, ellos viven en la ciudad del Cusco (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”.).

La socia Gilda es profesional y trabaja en una empresa privada en la ciudad del Cusco pero también tiene otra actividad que es brindar servicio de alquiler de carros, ella en esta oportunidad requiere el préstamo para hacer mantenimiento de los carros. Su sueño de Gilda es comprar una casa. Ya son varios años que se dedica a brindar servicio de alquilar y le va muy bien.

(La socia que aparece en la parte inferior de la fotografía pidió permiso en día de 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

  • $6,715
    Average annual income
  • 77
    View loans »
    Peru Loans Fundraising
  • $54,535,100
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Kallpa Group's $2,650 loan helped a member with vehicle maintenance.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 2, 2012
Listed
Feb 16, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012