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Colquecancha Group
In this Group: Antonia, Liboria, Juana, Sorayda, Noemi, Vilma, Juana, Maria Belen, Francisca, Haydee, Asunta, Victoria*, Elmer Edin*
* not pictured
A group of neighbors and friends formed the Communal Bank “Colquecancha” in the community of Racchi of the Huayllabamba Province of Urubamba in the department of Cusco. This communal bank is formed by people who look for each opportunity to get ahead, and with their daily efforts, give their children a better future. The various members’ jobs include art sales, vegetable sales, dried fruit sales, fattening and rearing animals.

(Antonieta has her arm up in the photograph). The member Antonieta was born in the community pf Racchi and lives in that same community. She is a 51-year-old, married, mother of 5 children aged 27, 25, 23, 21 and 15. Antonieta’s principal business is agriculture. She sells her products 3 times a week, Wednesday, Friday and Sunday in the city of Urubamba, but also in different markets in the cities of Calca and Pisaq. She’s been selling since she was 25 years old and it’s going well for her thanks to the determination she puts into her business. At this time, Antonieta is requesting a loan to buy potatoes, beans, barley, corn, maize, oats and other.

The members are grateful for the opportunity they have been given and promise to make their payments on schedule.

Cusco is situated in the district and province of Cusco, in the department of Cusco, in the heart of the ancient Incan city and is well-known for its arqueologocal sites, historic centre, landscapes, history and for being an enchanting city in the southern region of the country. More specifically, Cusco is known for being a very touristic and commercial area, for its traditional fiesta of “Inti Raymi” and for being home to one of the 7 wonders of the world, Machupicchu.
View original language description ↓
Un grupo de vecinos y amigos formaron el banco comunal “Colquecancha” en la comunidad de Racchi del distrito del Huayllabamba de la provincia de Urubamba del departamento del Cusco. Este banco comunal está conformado por personas 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 los socios son por ejemplo; venta de artesanía, venta de verduras, venta de productos secos, engorde de ganado y crianza de animales.

(La señora Antonieta está levantando la mano en la fotografía). La socia Antonieta nació en la comunidad de Racchi y vive en la misma comunidad donde nació, tiene 51 años de edad, es casada y fruto de esta unión tiene cinco hijos de edades (27, 25, 23, 21 y 15 años). Su actividad económica principal de Antonieta es la Agricultura, ella vende sus producto tres veces a la semana ósea miércoles, viernes y domingo en la ciudad de Urubamba, ella también vende sus productos en diferente mercados de las ciudad de Calca y Pisaq. Desde los 25 años se dedica a este negocio y le va muy bien gracias al empeño que pone en su negocio. En esta oportunidad Antonieta requiere el préstamo para comprar productos como papa, habas, cebada, trigo, maíz, avena y otros más.

Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos.

Cusco está ubicado en el distrito y provincia del Cusco del departamento del Cusco en pleno corazón de la antigua ciudad de los Incas y se caracteriza por ser una zona turística por sus centros arqueológicos por su centro histórico por sus paisajes por su historia y siendo una ciudad encantadora de la Región del Sur del país. 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”.

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
  • 114
    View loans »
    Peru Loans Fundraising
  • $55,266,250
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Colquecancha Group's $4,625 loan helped a member buy potatoes, beans, barley, corn, maize, oats and other.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2012
Listed
May 22, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012