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Atipay Group
In this Group: Carmen Maya, Nieves Yaqueline, Gabriela, Oscar Leonidas, Sara Rossana, Ingrid, Liudvinka, Roger Einer*, Karolay Denisse*, Jaime Oswaldo, Nimia Domitila, Luz Rocio, Mariclaudia, Tomasa Nidia, Hilda Llarnek
* not pictured
(Señora Carmen is raising her hand in the photograph.) Communal bank member Carmen was born in the city of Puno, but now she lives in the beautiful city of Cusco. She is 34 years old but she is single. Her principal business is selling shoes. She has already worked in this business for a number of years, and it is going very well for her. At this time Carmen needs a loan to buy merchandise such as shoes for children, women, and men. Her dream is to open other stores in the cities of Puerto Maldonado, Sicuani, and Quillabamba.

This group consists of neighbors and friends who formed the communal bank "Atipay" in the province and department of Cusco. This communal bank consists of people who are always looking for opportunities to get ahead and with their daily effort to give their children a better future. The businesses of the members include, for example, preparing snacks, school transportation, teacher, survey assistant, and renting traditional costumes. Others are restorers of artwork, public employees, and music teachers.

The members in general are grateful for the opportunity offered and promise to make their loan payments according to schedule. (The members who appear in the lower part of the photo arrived late for the communal bank meeting.)

Cusco is located in the district, province, and department of Cusco, in the very heart of the old city of the Incas. It is characterized by being a tourist area because of its archaeological centers, its historic center, its landscapes, its history, and by being an enchanting city in the southern region of the country. Cusco is also known for its traditional celebration of Inti Raymi and for Machu Picchu, one of the seven wonders of the world.
View original language description ↓
(La señora Carmen está levantando la mano en la fotografía). La socia Carmen nació en la ciudad de Puno pero actualmente vive en la hermosa ciudad del Cusco, ella tiene 34 años de edad pero es soltera. Su actividad económica principal de la Carmen es la venta de zapatos. Ya son varios años que se dedica a este negocio y le va muy bien. En esta oportunidad Carmen requiere el préstamo para comprar mercadería como por ejemplo zapatos para niños, damas y caballeros. Su sueño de la socia Carmen es abrir otras tiendas en las ciudades de Puerto Maldonado, Sicuani y Quillabamba.

Este grupo está conformado por vecinos y amigos que formaron el banco comunal “Atipay” en la provincia del Cusco 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; preparación de refrigerios, movilidad escolar, docente, apoyo de encuestas, venta de calzados, venta de cosméticos, alquiler de disfraces típicos y otros son restauradores de obras de arte, empleados públicos y otros docentes de música.

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 llegaron 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 por ser una ciudad encantadora de la Región del Sur del país. Cusco es conocido también 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
  • 83
    View loans »
    Peru Loans Fundraising
  • $55,213,250
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Atipay Group's $4,925 loan helped a member to buy merchandise such as shoes for children, women, and men.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 6, 2012
Listed
Jun 24, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012