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Puka Pukayoc  De Pachar Group
In this Group: Brigida, Luci, Jesusa, Leonor, Norka Nohemi, Susan Ruth, Natividad, Telma*, Isidoro*, Asuncion
* not pictured
A group of neighbors and friends formed the Communal Bank "Puka Pukayoc de Pachar" in the community of Pachar in the District of Ollantaytambo, Urubamba Province, Department of Cusco. This Communal Bank consists of individuals who view each moment as an opportunity to get ahead, so they strive each day to provide a better future for their children. The business activities of these members include buying and selling chickens, raising small animals such as guinea pigs and pigs, and buying and selling fruits. Other members provide health services and build houses.


Sra. Brigida (who has her hand raised in the photo) was born in the community of Pachar and still lives there. She is 48 years old, married, and has four children. Her main business activities are farming and raising small animals such as guinea pigs and chickens. Brigida has been in these businesses for five years and has done very well. She is taking this opportunity to request a loan in order to buy small animals, such as guinea pigs.


The members are grateful for the opportunity that has been provided and promise to complete their various payments according to the established terms. (The member who appears in the smaller photo arrived late to the Communal Bank meeting.)


Cusco is located in the District 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 “Puka Pukayoc de Pachar” en la comunidad de Pachar distrito de Ollanytaytambo 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; compra y venta de gallinas, crianza de animales menores como cuyes y chanchos, compra y venta de frutas. Otros socios brindan servicios asistencia de salud y construcción de casas.

(La señora Brígida está levantando la mano en la fotografía). La socia Brígida nació en la comunidad de Pachar y vive en la misma comunidad de Pachar, ella tiene 48 años de edad y es casada y fruto de unión tiene cuatro hijos. Su actividad económica principal de la Brígida es la agricultura y crianza de animales menores como cuyes y gallinas. Ya son cinco varios años que se dedica a este negocio y le va muy bien. En esta oportunidad Brígida requiere el préstamo para comprar animales menores cuyes.

Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos. (La socia que aparece en la parte inferior de la fotografía llego tarde a la reunión del banco comunal).

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
  • 99
    View loans »
    Peru Loans Fundraising
  • $55,006,475
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Puka Pukayoc De Pachar Group's $3,600 loan helped a member to buy small animals, such as guinea pigs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2012
Listed
Jun 15, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012