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Allin Llankaqcuna De Chichubamba Group
In this Group: Alcione, Monica, Jesus Gerardo, Jesus, Prudencio, Julia, Regina*, Norberto
* not pictured
A group of neighbors and friends formed the “Allin Llankaqcuna de Chichubamba” communal bank in the community of Chichubamba in Cusco Department’s Urubamba Province. This communal bank is composed of people who seek at all times opportunities to get ahead by means of their daily efforts to provide a better future for their children. The economic activities of the members are, for example: guinea-pig and chicken sales, coffee and chocolate making, vegetable and flower sales. Others are in agriculture and some provide transportation services.

(Alcione is raising her hand in the photo). Alcione was born in Maranura District in the Province of La Convención. She’s 42-years-old and is in a common law relationship; she has two children. Alcione currently lives in the community of Chichubamba where she carries out her economic activities.

Alcione’s main economic activity is making ceramics. She has a workshop at home where she manufactures her products. She’s been in this business for 11 years already and she does very well thanks to the effort she puts into her business. On this occasion, Alcione needs the loan to buy supplies like paint, clay, glass and pigments. Alcione’s dream is to export her products and to attend international expositions.

The members in general are grateful for the opportunity provided and commit to make their various installment payments according to the established schedule.
View original language description ↓
Un grupo de vecinos y amigos formaron el banco comunal “Allin Llankaqcuna de Chichubamba” en la comunidad de Chichubamba en 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 animales menores cuyes y gallinas, elaboración de chocolate y café, venta de verduras y flores y otros se dedican a la agricultura y a brindar servicio de transportes.

(La señora Alcione está levantando la mano en la fotografía). La socia Alcione nació en el distrito de Maranura la provincia de La Convención.

La socia Alcione tiene 42 años de edad y tiene una relación de unión libre de la cual tiene dos hijos. Actualmente, Alcione vive en la comunidad de Chichubamba y donde desarrolla sus actividades economicas. Su actividad económica principal de la socia Alcione es la elaboración de cerámica,ella tiene un taller en su domicilio donde elabora sus productos. Ya son 11 años que se dedica a este negocio y le va muy bien gracias al empeño que pone en su negocio. Alcione en esta oportunidad requiere el préstamo para comprar materiales como por ejemplo pintura, arcilla, vidrio, pigmentos. El sueño de Alcione es exportar sus productos y asistir a ferias internacionales.

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

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
  • 125
    View loans »
    Peru Loans Fundraising
  • $56,814,000
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Allin Llankaqcuna De Chichubamba Group's $3,800 loan helped a member to buy paint, clay, glass and pigments.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2012
Listed
Jun 4, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012