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Nueva  Generacion - Sayllapata Group
In this Group: Julio Alex, Santos Emeterio, Nicacio Lucio, Esteban, Juan, Toribio, Ernesto, Martin*, Santusa
* not pictured
A group of residents from the community of Sayllapata formed the "Nueva Generacion - Sayllapata" communal bank in the province of Paucartambo in 2013. There are no industries, businesses or banks in the community. However there are large agricultural fields, so the majority of the population works in agriculture and livestock farming. Santusa is 51 years old, and was born and still lives in the community of Sayllapata. She is a responsible and friendly person who is successful in her principal economic activity, which is raising small animals such as guinea pigs, chickens and pigs, and also works in agriculture. She has several fields where she grows potatoes, barley, wheat and broad beans. She needs a loan now to buy more small animals such as guinea pigs and chickens, in order to increase her business capital. The members are grateful for the opportunity provided and commit to making their respective repayments within the specified time period. (The woman in the red skirt is the wife of one of the communal bank members.) (The community of Sayllapata is located in the Colquepata district, in the province of Paucartambo, in the department of Cusco, Peru.)
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Un grupo de pobladores en la comunidad de Sayllapata formaron el banco comunal “Nueva Generacion - Sayllapata” en la provincia de Paucartambo desde este año 2013. En esta comunidad no existen industrias, empresas, bancos pero existen grandes terrenos de cultivos por lo tanto la mayoría de los pobladores se dedican a la agricultura y ganadería.

Santusa tiene 51 años de edad y nació en el poblado de Sayllapata y vive en la misma comunidad, ella es una persona responsable y amable que sale adelante pues su actividad económica principal es la crianza de animales menores como por ejemplo cuyes, gallinas, chanchos y también se dedica a la agricultura entonces tiene varios terrenos de cultivos donde siembra papa, cebada, trigo y habas, ella en esta oportunidad requiere el préstamo para comprar más animales menores como cuyes y gallinas para incrementar su capital de negocio.

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 señora de falda roja es esposa de uno de los socios del banco comunal).

(La comunidad de Sayllapata está ubicado en el distrito de Colquepata de la provincia de Paucartambo del departamento del Cusco, Perú).

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
  • 64
    View loans »
    Peru Loans Fundraising
  • $53,963,900
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Generacion - Sayllapata Group's $3,275 loan helped a member to buy more small animals such as guinea pigs and chickens.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 8, 2013
Listed
Aug 26, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014