The "Inca Sevillanos" community bank was founded in September 2005 and is currently in its third loan cycle. It is made up of 12 members — eight women, four men — from Accha, Peru, about three hours from the city of Cusco. The female members are hard-working country women dedicate primarily to farming (cultivating corn, potatoes and beans) and raising livestock (cattle, sheep). The majority of them combine their agricultural activities with commerce, selling their products at the local market, in population centers and villages. The opportunity to access credit and savings is very valuable for them because it helps them generate income, which they put toward the family budget. They also value the training activities designed to improve familial relations with their husbands and children.
El banco comunal “INCA SEVILLANOS”, se fundo en septiembre del 2005, actualmente se encuentra en el III ciclo de la segunda etapa, esta conformada por 12 socias, 8 mujeres y 4 hombres del distrito de Accha.nEl distrito de Accha de la provincia de Paruro, Dpto de Cusco, se encuentra aproximadamente a 3 horas de la ciudad del Cusco.nLas socias son mujeres campesinas dedicadas a labores agrícolas principalmente (cultivos de maíz, papa y habas, crianza de vacunos y ovinos), la mayoría de las socias combinan las actividades agrícolas, con las comerciales (venta de productos agrícolas) realizando las transacciones en la feria local del pueblo, en los centros poblados y comunidades aledañas como comerciantes acopiadoras y vendedoras.nLa oportunidad de acceder a servicios de crédito y ahorro es muy valorada, porque les permite generar ingresos, con el que, contribuyen al presupuesto familiar. En la misma medida valoran las actividades de capacitación, que se orientan a mejorar las relaciones familiares, con esposos e hijos.n
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.
A portion of Inca Sevillanos Group's $3,375 loan helped a member to sell their agricultural products — potatoes, corn, small animals (guinea pigs, pigs, hens) — on a small scale at the different local markets.