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Renacer Ayarmaca Group
In this Group: Braulia, Gloria, Maximiliana, Bertha , Maria, Olimpia, Rolando, Sonia , Maria Isabel, Maria, Ceferino , Feliciana, Alejandrina, Demetrio
The village bank "AYARMACA", which was founded in February 2008, is currently in its second cycle. It is comprised of 14 members, 11 women and 3 men, and bears the name of the community AYARMACA.

The Ayarmaca community is located in the province of Urubamba, in the Chinchero district of the Dept. of Cusco, which is located 45 minutes from the city of Cusco, by way of unpaved road.

The members are rural women, who engage in the breeding and trade of young animals like guinea pigs, chickens, and pigs. They buy them at town fairs (for example, guinea pigs cost S/8.00 and sell them in the city of Cusco for S/.12.00).

The loan is a service that they value because it allows them to increase capital and creates greater possibilities of regulating cash flow from the family unit. They value the minimum requirements, the delivery and the repayment of the loan in their community. As in most cases, the valuation of savings is very important.
View original language description ↓
El banco comunal “AYARMACA”, se fundo en febrero del 2008, actualmente se encuentra en el II ciclo de la, esta conformada por 14 socias, 11 mujeres y 3 hombres, lleva el nombre de la comunidad AYARMACA.

La comunidad de Ayarmaca, esta ubicada en la provincia de Urubamba, distrito de Chinchero Dpto de Cusco, se encuentra a 45 minutos de la ciudad del Cusco, por carretera afirmada.
Las socias son mujeres campesinas, que se dedican a actividades de crianza y comercio de animales menores, como cuyes, gallinas, cerdos, ellas compran en las ferias comunales (por eje. cuyes S/ 8.00 y lo venden en la ciudad del Cusco a S/. 12.00).
El crédito es un servicio que valoran porque les sirve para, incremento de capital y mayores posibilidades de regular el flujo de caja de la unidad familiar. Valoran los requisitos mínimos, la entrega y devolución del crédito en la propia comunidad. como en la mayoría de los casos la valoración del ahorro tiene mucha importancia.

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
  • 98
    View loans »
    Peru Loans Fundraising
  • $55,041,650
    Funds lent in using Kiva
  • 3.1
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Renacer Ayarmaca Group's $1,650 loan helped a member the members of the community bank will use the surplus from the purchase and sale of small animals like guinea pigs, poultry, pigs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2008
Listed
Dec 4, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009