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Pro Desarrollo Group
In this Group: Noemi, Nora Bertha, Ruth Estelmina, Ancelmo, Julia Rosa, Aurelia, Margarita, Alfredo, Florencia
A group of neighbors and friends formed the Communal Bank "Pro Desarrollo" (Pro Development) in the District of Pisaq in Calca Province, Department of Cusco. This Communal Bank consists of individuals who look at each moment as an opportunity to get ahead. Through their daily efforts, they are able to provide a better future for their children. The business activities of the members are as follows: selling handicrafts, selling vegetables, buying and selling cattle, fattening livestock, selling food, selling candy, and other services such as sewing and tailoring.


Sra. Noemi (who has her hand raised in the photo) is a member who was born in the community of Molletapa in the District and Province of Anta, Department of Cusco. Her main business activity involves handicrafts such as ceramics, woven goods, trinkets, miniature figurines, and other items. She has been in this business for 18 years and is doing very well thanks to the effort she puts into her work. Noemi is taking this opportunity to request a loan so that she can buy merchandise such as wool sweaters, bracelets, necklaces, leather cases, and other items.


The members, in general, are grateful for the opportunity that has been provided and promise to complete the payments on their various loans according to the established terms. (The members who appear in the smaller photos requested permission from the Communal Bank's Board of Directors to be absent from the meeting.)


Cusco is located in the Distrct and Province of Cusco in the Department of Cusco. The heart of this ancient city of the Incas is where many archaeological sites are located. The historical center and the landscapes help make Cusco the most enchanting city in the southern region of Peru. 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 ↓
Un grupo de vecinos y amigos formaron el banco comunal “Pro Desarrollo” en el distrito de Pisaq de la provincia de Calca 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, compra y venta de ganado, engorde de ganado, venta de comestibles, venta de golosinas y otros hacen servicio de costura o sastrería.

(La señora Noemi está levantando la mano en la fotografía). La socia Noemi nació en la comunidad de Molletapa del distro de Anta de la provincia de Anta del departamento del Cusco. Su actividad económica principal de Noemi es la artesanía de tipo cerámica, tejidos, bisutería, miniaturas y otras más. Ya son 18 años se dedica a este negocio y le va muy bien gracias al empeño que pone en su negocio. En esta oportunidad Noemi requiere el préstamo para comprar mercadería como por ejemplo chompas de lana, pulseras, collares, maletines de cuero y otras cosas 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. (Los socios que aparecen en la parte inferior de la fotografía pidieron permiso a la junta directiva del banco comunal para no estar presentes en la reunión).

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
  • 33
    View loans »
    Peru Loans Fundraising
  • $54,500,125
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Pro Desarrollo Group's $6,800 loan helped a member to buy wool sweaters, bracelets, necklaces, leather cases, and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2012
Listed
May 23, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012