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Sumaq Tikari Group
In this Group: Hilda, Juan, Wenceslao, Clara, Paula, Antonio, Navidad, Mario
A group of neighbors and friends formed the communal bank “Sumaq Tikari” in the district of Paucartambo, in the province Paucartambo, in the state of Cusco. This communal bank is made up of various people who are always seeking opportunities to get ahead and to use their daily efforts to provide a better future for their children. The members work in agriculture, selling food, livestock, arts and crafts and the raising of young animals, among others.

Hilda is raising her hand in the photo. She was born in the community of Kallacancha, but she lives in the community of Chimbamba, 40 minutes from the city of Paucartambo. She is a responsible and friendly person and her neighbors did not hesitate to invite her to participate in the comunal bank. She has a small business making arts and crafts from fabric, but she also works in agriculture and raises young animals. In response to this opportunity she is requesting the loan to buy materials for her work like wool from alpaca and sheep to be able to make sweaters, blankets, belts, hats, scarves and other things.

The members are generally grateful for the opportunity they've been given and agree to comply with the established payment deadlines.
View original language description ↓
Un grupo de vecinos y amigos formaron el banco comunal “Sumaq Tikari” del distrito de Paucartambo de la provincia de Paucartambo del departamento del Cusco. Este banco comunal está conformado por varias personas que buscan a cada momento las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos. Los socios se dedican al agricultura, venta de comida, ganadería, artesanía, crianza de animales menores y otros.

Hilda está levantando la mano en la fotografía, ella nació en la comunidad de Kallacancha pero vive en la comunidad de Chimbamba a 40 minutos de la ciudad de Paucartambo, ella es una persona responsable y amable pues sus vecinos no dudaron en invitar a participar en el banco comunal, ella tiene un pequeño negocio de elaboración de artesanía de tipo tejido pero también se dedica a la agricultura y crianza de animales menores. En esta oportunidad requiere el préstamo para comprar materiales de trabajo como lana de alpaca y oveja para poder elaborar chompas, mantas, pasadizos, chullos, chalinas y otros 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.

Additional Information

More information about this loan


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
  • 116
    View loans »
    Peru Loans Fundraising
  • $56,814,000
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Sumaq Tikari Group's $1,600 loan helped a member to buy materials for her work, like wool from alpaca and sheep.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2013
Listed
Apr 28, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013