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Inmaculada Concepcion De Qosqo Ayllu Group
In this Group: Maria Del Carmen, Felipa, Paulina, Cesaria, Benigna, Mario, Ernestina, Josefa, Ayde, Livia, Adelaida, Griselda, Marleny
A group of friends and neighbors formed the 'Inmaculada Concepcion de Qosqo Ayllu' community bank in Qosqo Ayllu, a community in San Salvador district, Calca province, Cusco department. The members of this bank are always looking for opportunities to make progress in life and, through their daily work, they hope to provide their children with a better future. The members' business activities include: selling 'jora' (a traditional drink), selling groceries, selling food, selling dried grains, selling beer, selling plaster and raising animals. Others work in agriculture and provide transport services.

María del Carmen is the lady who is raising her hand in the photo. She was born in the city of Lima but her parents took her to live in Qosqo Ayllu community when she was very young. She is currently 36 years old, married, and has two children from this beautiful relationship. Her main business activity is selling basic household products such as rice, sugar, noodles and oil. She also grows amaranth, corn, barley and other products. She has been selling groceries for eight years and her business is doing very well thanks to the hard work that she puts in. On this occasion, María del Carmen needs a loan to buy merchandise such as bags of rice, bags of sugar, noodles, fish, chicken, etc. She travels twice a week to the city of Cusco to buy her products. Her dreams are to expand her premises, open a beer warehouse, and to buy a computer and photocopier.

The members of this group are grateful for the opportunity they are being given and they pledge to make their loan repayments on time.

The city of Cusco is located in the district, province and department of Cusco, in the very heart of the ancient city of the Incas. It is a tourist area owing to its archaeological centers, its historic center, its landscape and its history. Cusco is well known as a tourist spot. It is also known for its commerce, its traditional Inti Raymi celebrations and because it is home to one of the seven wonders of the world (Machu Picchu).
View original language description ↓
Un grupo de vecinos y amigos formaron el banco comunal “Inmaculada Concepcion de Qosqo Ayllu” en la comunidad de Qosqo Ayllu del distrito de San Salvador 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 jora, venta de comestibles, venta de comida, venta de granos secos, venta de cerveza, venta de yeso, crianza de animales menores, otros trabajan en la agricultura y brindan servicio de transportes.

(La señora María del Carmen está levantando la mano en la fotografía). La socia María del Carmen nació en la ciudad de Lima pero desde muy niña sus padres llevaron a vivir en la comunidad de Qosqo Ayllu. Actualmente, Maria del Carmen tiene 36 años edad, es casada y fruto de esta hermosa relación tiene dos hijos. Su actividad económica principal de la socia María del Carmen es la venta productos de primera necesidad como por ejemplo arroz, azúcar, fideos, aceite y otras cosas más, ella también se dedica a la agricultura y siembra kiwicha, maíz, cebada y otras cosas más. Ya son 8 años se dedica a este negocio de venta de comestibles y le va muy bien gracias al empeño que pone en su negocio. María del Carmen en esta oportunidad requiere el préstamo para comprar mercadería como por ejemplo sacos de arroz, sacos de azúcar, fideos, pescado, pollo y otras cosas más, ella viaja dos veces a la semana a la ciudad del Cusco a comprar sus productos. Su sueño de María del Carmen es ampliar su local, abrir un depósito de cerveza, comprar una computadora y una fotocopiadora.

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

  • $12,000
    Average annual income
  • 102
    View loans »
    Peru Loans Fundraising
  • $58,002,425
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Inmaculada Concepcion De Qosqo Ayllu Group's $3,650 loan helped a member to buy merchandise (bags of rice, bags of sugar, noodles, fish, chicken, etc.).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2012
Listed
May 28, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012