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Inti Raymi Group
In this Group: Ylda, Maria Rosa, Angelica Susana, Maria, Cirila, Francisco, Asunta, Mariano, Martin, Juana, Enoc Henrry*, Mercxedes
* not pictured
A group of neighbors and friends form the communal bank "Inti Raymi" in the community of Suchubamba. This communal bank is formed by various people who are always looking for opportunities to get ahead and with their daily efforts to give a better future for their children. The members are dedicated to agricultural work, selling fruit, selling food, selling groceries, raising livestock, making artisanal products, and raising smaller animals, among other activities.

María Rosa is 44 years old and has seven children. She is a responsible and loving person who pushes her family forward. She was born in the district of Challabamba and she lives in the same district where she was born. She sells basic necessity products like rice, sugar, beans, cooking oil, bread, sodas, water and other items. With this opportunity, María Rosa needs a loan so she can purchase sacks of rice and sacks of sugar. The members of her group are thankful for the opportunity given them and they promise to complete their re-payments within the established time frame. (The people who appear ar the bottom of the photo asked permission to not be at the meeting and we had to go to their homes to photograph them.)

(The community of Suchubamba is located in the Callabamba district in the province of Paucartambo in the department of Cuzco.)
View original language description ↓
Un grupo de vecinos y amigos formaron el banco comunal “Inti Raymi” en la comunidad de Suchubamba. 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 a la agricultura, a la venta de frutas, a la venta de comida, a la venta de comestibles, al engorde de ganado, a la elaboración de artesanía, a la ganadería, a la crianza de animales menores y otros.

María Rosa tiene 44 años de edad y tiene siete hijos, ella es una persona responsable y amable que saca adelante a su familia, ella nació en el distrito de Challabamba y vive en el mismo distrito donde nació, ella se dedica a la venta de productos de primera necesidad como por ejemplo arroz, azúcar, fideos, aceite, pan, gaseosas, agua y otras cosas. En esta oportunidad María Rosa requiere el préstamo para comprar sacos de arroz y sacos de azúcar. Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago de sus diferentes cuotas en los plazos establecidos. (Las personas que aparecen en la parte inferior de la fotografia pidieron permiso para no estar en la reunion y tuvimos que buscarles en sus domicilios).

(La comunidad de Suchubamba está ubicado en el del distrito de Challabamba dentro de la provincia de Paucartambo del departamento del Cusco).

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
  • 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 Inti Raymi Group's $4,600 loan helped a member purchase sacks of rice and sacks of sugar.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2013
Listed
Jun 4, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013