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Vilcanota Group
In this Group: Raul, Simon, Sabina, Eulogio, Andrea, Olinda, Felix, Biky, Julia, Pedro Erasmo, Julio, Aniceto
The name of this communal bank is "VILCANOTA"; This name comes of the Inca times. It is the biggest river that feeds other small rivers in the Cusco valley. This small group was formed on February 13, 2009, and is located in the district of Urcos, in the province of Quispicanchis of the department of Cusco. It is 1.15 hour away from of the city of the Cusco, this area is considered rural zone.

The people in the area live of agriculture and cattle, They combine their domestic activities with these. Many of the partners also are stevedores (they load in their small dump trucks concrete, sand, stones, among others); The partners are extremely grateful by the offered help, therefore they promise to repay the loan on time.

This loan will used by 8 partners and they will invest it to buy sheep, and calves, in order to improve the race and then be able to sell their cattle at a better price. Two of partners will invest the loan in buying accessories for their heavy load dump trucks, this way they will be able to keep on being hired. Other 2 of the partners will invest the loan in buying cooking products like meat, potatoes, salt, lemons, vegetables, among others, since they sell meals at the local market and want to improve their service to attract more clients.
View original language description ↓
El nombre de este banco comunal se llama, "VILCANOTA"; Este nombre proviene de la época INKA, es el río mayor que alimenta a otros pequeños ríos en el valle de Cusco; Se funda este banquito el día 13 de febrero del 2009, y está ubicado en el distrito de Urcos, en la provincia de Quispicanchis del del departamento de Cusco, está situado a 1.15 hora de la ciudad del Cusco, considerado zona rural, la gente vive de la agricultura y ganadería, convinando así sus actividades domésticas, dentro de estas actividades muchos de los socios también son estibadores (cargan en sus pequeños bolquetes ormigón, arena, piedras, entre otros); Los socios estan sumamente agradecidos por la ayuda brindada, así mismo ellos se comprometen a compensar el préstamo a tiempo.

Este préstamo será invertido en, 08 socios invertiran para la compra de ovejas, y terneros, para mejorar la raza y así poder vender sus ganados a mayor precio, 02 socios invertirán el préstamo en la compra de accsesorios para sus bolquetes de carga pesada, de ese modo podrán seguir siendo alquilados; 02 socias invertirán el préstamo en la compra de productos para cocinar,ellas comprarán, carne, papas, sal, limónes, verduras, entre otras especies, puesto que ellas venden comida en el mercado local y desean mejorar sus servicio para atraer a más clientes.

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
  • 95
    View loans »
    Peru Loans Fundraising
  • $56,037,525
    Funds lent in using Kiva
  • 3.2
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Vilcanota Group's $450 loan helped a member buy and sell wholesale and retail animals.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2009
Listed
Feb 20, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009